We remain Bullish on India and will be adding capacities to cater to the growing demands from this sector
Bonfiglioli is perhaps the only Power Transmission company that has complete range of power transmission products serving the complete array of mining applications, right from the extraction of ore to its processing. Our gearboxes are the benchmark for the Mining Industry applications as under: Extraction Equipment’s: Blast hole dills, Surface Miners, Mining Shovels etc.
– Kennady Kaippaly
Country Manager, Bonfiglioli India
What is your focus at IMME this time?
Bonfiglioli is perhaps the only Power Transmission company that has complete range of power transmission products serving the complete array of mining applications, right from the extraction of ore to its processing. Our gearboxes are the benchmark for the Mining Industry applications as under:
Extraction Equipment’s: – Blast hole dills, Surface Miners, Mining Shovels etc.
Conveying and Material Handling Equipments: Stacker / Reclaimer, Apron feeders, Overland Conveyors, Bulk Reception Units etc..
Processing Equipments : – Pellet Plants, Sinter Plants, Thickeners, Clarifiers, Floatation Cells,
Our Wide range of products enable us to be a one stop shop for the mining industry. Our focus in the IMME this time will be to showcase the diverse range of drives that find applications across the value chain of mining industry.
What is your view of IMME as a trade show in terms of value it offers to the stakeholders of construction equipment sector and the allied sectors – particularly the mining sector?
We have been participating in IMME now for many an editions. Over these editions we have gathered a positive experience and have watched this exhibition, mirror the growth of the mining, construction equipment and allied sectors industry in India. IMME gives us the chance of showcasing our solutions and latest offerings for the industry. It also giving us an opportunity to meet customers from different market segments under one roof. This broad range of interaction offers both tangible and intangible value to all the stakeholders. IMME also provides us with a large platform to interact with, OEM’s and end users. Such interactions make all of us more insightful to each other’s outlook, besides gaining a broader perspective of the market.
What are the challenges and the suggestions to iron out those challenges in the sector?
Even though we have witnessed a substantial growth in the Indian Construction Equipment & Mining Sector, one of the key challenges faced by the sector is the cyclical nature of the demand. Commodity prices and government spending remain the key drivers for the growth in this sector, thus the industry is dependent on global demand and state of government finances and its priorities at any given point of time. This makes the industry notoriously difficult to predict, which has implications for attracting fresh long-term investments in this sector.
What is your company’s future outlook and the way forward?
We have a very positive outlook on the future of power transmissions products in general and our products in particular, for the Indian market. Indian mining and construction equipment industry are witnessing a multi decadal structural uptrend. Growth in consumption coupled with enhanced infrastructure requirements, remain the key growth drivers for this uptrend. These growth drivers will generate a need for innovative power transmission solutions that must meet specific local Indian requirements. Challenge in such an environment remains in developing or adapting products and manufacturing capabilities that suit the specific demands of Indian market.
Hits: 1
