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Home arrow News arrow Business News arrow Electrotherm launches Modular Continuous Casting Machine for ingot industry
Electrotherm launches Modular Continuous Casting Machine for ingot industry Print E-mail
Written by Vijay   
Wednesday, 18 May 2011
Mumbai: Electrotherm (India) Ltd, a manufacturer of induction melting furnaces and allied equipment, has launched a Modular Continuous Casting Machine meant for the ingot-making industry. The new product is expected to add around Rs. 100 crore to the annual revenue of the company.

"Our product addresses the need of the industry because it fulfills all the requirements. They come with a modular design that reduces the civil and installation cost, they can be installed in any existing plant, they consume less space and above all, one can produce the billet cheaper than the ingot," said Suneel Kulkarni, President, E&P Division, Electrotherm (India) Ltd.

These casters have been designed in such a way that they can be adopted by and installed in any ingot making unit and these ingot makers can comfortably produce billets cheaper than ingots and compete in the local market.

"Currently, we are executing a dozen such caster orders and cold trials have been perfectly successful. The first caster is expected to be commissioned in a month’s time and we are ramping up our production facilities to meet the demand. In the initial stage, we expect this innovative product to generate annual sales of around Rs. 100 crore," said Bharat Tank, Country Head, Marketing, Electrotherm.

"We have been all along concerned about the hassles of casting ingots through mould and all related problems. In line with Electrotherm’s vision and mission of providing customer centric products and technology, we conceived the idea such innovative technique a couple of years back and attempted to Indianize the casting process, which suits the needs of our clients in a perfect way," said Suneel Kulkarni.

The company plans to organize a series of seminars on the benefits of this machine in all the key steelmaking hubs in the country simultaneously with the launch and the first one was organized in the steel township of Mandi Gobindgarh and Ludhiana.

The new machine offers a saving of Rs. 300-500 per ton on production cost of billet, low civil and installation cost, compatibility to existing plant and less space requirement.

Billets produced through ECCM would benefit the industry because they are superior in quality as compared to ingots. Assuming current day prices of raw material, there appears a saving of Rs. 300-500 per ton of billet making as compared to ingot making including premium of billet price over ingots. And considering an average production of 2500 tons/month, payback period is estimated to be around 12-15months.

It is worthwhile to mention that Billet premium varies from Rs. 200-300 per ton in Mandi to Rs. 300-500 in Maharashtra.

 
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