Fornnax, a renowned shredding and recycling equipment provider with years of experience in
designing and developing SR-Series dual shaft shredders, has unveiled its advanced level SR-MAX2500
shredder specially designed for the Municipal Solid Waste category.

The launch was held IFAT India 2024, a most prestigious event in the waste management industry, on
October 16th, 2024, at the Bombay Exhibition Centre in Mumbai.

Fornnax’s successful track record of developing many proven machines for different types of tires,
ferrous and non-ferrous metals, which are the most difficult applications has made them a pioneer in
the shredding and recycling equipment manufacturing global market over the decade now. The design
of the SR-Series machine, a legacy that has prevailed for over a decade, continues to be used in the
design of SR-MAX series machines. The advanced SR-MAX2500 shredder features high capacity,
modern engineering, and innovative technology.

The remarkable event was inaugurated by Mr Ulhas Parlikar, Ex-Director of Geocycle India; Mr
Sanjay Shripatrao Katkar IAS (Municipal Commissioner and Administrator) MBMC; Mr Sharad
Nanegaonkar Executive Engineer (Water Supply and Sewerage Department) MBMC; Mr Deepak
Khambit (City Engineer) MBMC; Mr Jignesh Kundaria CEO & Director of Fornnax Technology Pvt. Ltd.;

Mr Manoj Kumar Sure, JK Cement Head AFR; Mr Manoj Kumar Modha, Director of Millennium Multi
Trade Pvt. Ltd.

Jignesh Kundaria, CEO and Director of Fornnax, shared insights into their newly launched innovation,
“With the SR-MAX2500, we’re poised to transform the waste management landscape in India and
beyond. Our goal is to line up municipal waste recycling industries with a robust, efficient, and
sustainable solution. Our commitment to sustainability and enhancing recycling process is a step
forward towards achieving PM’s vision of a Net Zero emissions future by 2050.”

Revolutionizing Waste Reduction: The SR-MAX2500 Advantage
We’re excited to introduce the Fornnax SR-MAX2500, a revolutionary primary shredder designed for
efficient volume reduction of diverse materials. This high-capacity machine boasts advanced modern
engineering and technology, featuring hydraulic motors driving each shaft for optimal power and
torque. Its unique cutter design, replaceable cutting table, and shaft design make it an ideal solution
for various applications.

Waste Management Reimagined! SR-MAX2500 Primary Applications
Our primary focus for the SR-MAX2500 is serving large-scale municipal waste recyclers, cement plants,
waste-to-energy plants, mechanical biological treatment facilities, materials recovery centres,
construction and demolition recyclers, aluminium recyclers, and other applications requiring highcapacity machines and robust technology.

The SR-MAX2500’s Impressive ROI Streak
The SR-MAX2500 offers several commercial benefits, including increased efficiency, reduced
operational costs, and enhanced productivity as it is specially designed for the Indian market. Its robust
design and advanced technology ensure minimal downtime, maximizing profitability for our
customers. Additionally, our commitment to quality and reliability helps build long-term relationships
with clients, fostering loyalty and repeat business.

Innovation Meets Efficiency: Why Choose the SR-MAX2500?
Fornnax has carved out a distinctive niche in the highly competitive market and its relevance stems
from a unique, tailored approach that addresses specific needs. Thus, the SR-MAX2500 shredder
differentiates itself through its versatility, catering to a diverse array of waste management and user
needs, specifically designed for Indian waste, which is highly contaminated compared to global waste.
Additionally, our unwavering focus on innovation, quality, and customer-centricity sets us apart from
competitors and establishes our position in the market.

Turning Trash into Treasure with MSW Waste

As you see due to the rapid urbanization and over population, India is among the world’s top 10
countries generating municipal solid waste (MSW) and generates around 62 million tons of waste in a
year. Therefore, it is extremely critical to prioritize recycling and conversion of MSW into RDF fuel.
Cement industry, which uses a significant amount of coal. Cement industries substituting coal with RDF
or alternate fuel to reduce the greenhouse gas emissions, conserve natural resources like coal and
more and ultimately minimise the waste disposal issues.

Fornnax’s Exceptional Contribution to India’s Sustainability Goals
India has made significant strides in waste management and recycling, and with continued investment,
innovation, and policy support, there’s no doubt it can achieve its goals. Fornnax is committed to
contributing to India’s sustainability and waste management journey through their advanced recycling
solutions, supporting the country’s transition to a more circular and environmentally conscious
economy.

Fornnax’s Unwavering Commitment to R&D and Innovative Solutions
Fornnax stays updated with global advancements in recycling technology and sustainability practices
through several key strategies, such as we invest heavily in research and development to ensure our
equipment are at the forefront of technological innovation. Our team closely monitors industry trends,
emerging technologies, and regulatory changes to identify potential opportunities for improvement.
We also actively seek feedbacks from our valued clients to understand their evolving needs and
challenges. This input helps us identify areas where we can boost our meet market demands.

Expanding Horizons: Fornnax’s Growth Plans for the Year Ahead
The SR-MAX2500 launch is a strategic step towards expanding our market presence and strengthening
our position as a leading shredder manufacturer around the globe.

Also, we are optimistic about the coming year, driven by the growing demand for sustainable waste
management solutions and the increasing awareness of environmental issues. We are actively
investing in equipment enhancement, engineering, and strengthening our partnerships to meet the
evolving needs of our customers. Fornnax’s focus areas for the next year include expanding the
manufacturing capacity to meet the rising demand and we already started working on it by acquiring
23-acre land parcel in Ahmedabad, Gujarat. The new site is expected to become operational by March
2025. Its focus will be on producing high-capacity machinery applicable in tyre, cable recycling, ewaste, metal processing and more.

About Fornnax
FORNNAX is one of the world’s leading shredding and recycling equipment manufacturers, offering Primary shredders, Secondary shredders and Granulators for tyres, municipal solid waste, cables, e-waste, aluminium and many other industrial applications. Quick after-sales services that increase our customer’s uptime and productivity.

We are committed to shaping the landscape for sustainable recycling solutions in the future. Because we’re not just selling equipment, we’re building business. That’s what we believe. That’s who we are. Fornnax Equipment is built with the idea that the simple, most significant and heaviest is better. Our equipment is an evolution of advanced products designed for the challenges of the recycling world.

The global sales partner network makes us successful worldwide. Our corporate culture is based on our history of providing value to our customers’ success worldwide. This motivates our employees to work together, develop innovative products, and produce high-quality equipment.

Ador Welding Limited, India’s leading manufacturer of welding products announced the merger completion of Ador Fontech Limited with Ador Welding Limited. The merger will facilitate the creation of a more efficient and integrated business structure with an aim to consolidate the company’s market position, expand its domestic and international reach, and foster stronger research and development capabilities. The operating management teams of both companies will remain the same.

Aditya Malkani, Managing Director of Ador Welding Limited shares “We are excited about the potential opportunities that this merger presents. It will enable us to leverage the benefits of scale, revenue and cost synergies, cross sell combining the customer base, and tap into best practices from both organisations. With this, we are poised to expand our product and service offerings to our customers and accelerate our growth in both domestic and international markets. Most importantly, with our combined strengths, including a stronger manufacturing presence and a more resilient workforce, we are better equipped to Make, Research & Create in India.”

Following the merger, J B Advani and Co Pvt Ltd (JBA) will hold 44.83% of the shares, other promoters will hold 8.24%, and the public will hold 46.93%. Ador also plans to restructure its divisions to focus on two distinct verticals – Products and Services. This will enable the company to optimise its operations and better serve the diverse needs of its customers.

With its origin and base in India as the quintessential ‘Make in India’ brand, Ador has created an indelible global footprint by providing exceptional, cutting-edge welding solutions. With a rich experience of over seven decades, the company has been dedicated to creating the best welding experience for its customers, investing in people, technology, research and development.

Having made great strides in R&D and innovation, Ador’s Research and Development Center is recognised by the Department of Scientific and Industrial Research and has developed groundbreaking solutions such as the Rhino E, India’s first battery-powered electric welder. Ador’s dedication to excellence is reflected in its numerous international awards and research papers which have been presented at many international forums.

As we transition into the festive season, it is crucial to take stock of the current state of India’s key infrastructure sector. August saw a 1.8 per cent contraction, largely attributed to excessive rainfall in many parts of the country, impacting several industries, including cement. The cement sector registered a 3 per cent decline in August 2024, compared to the same period last year, which had seen robust growth of 19.7 per cent, leading to what analysts call a high base effect, as per news reports. Despite this, there remains optimism as we approach the latter part of the year, with industry players anticipating demand revival by the end of Q3.
The evolving dynamics of the cement industry paint an interesting picture. Once dominated by regional and local players, the market has seen significant consolidation, with large companies taking the lead. These larger corporations, with their extensive reach and deep pockets, are strategically shifting focus toward non-trade segments, specifically targeting bulk buyers such as large contractors and infrastructure projects. This shift underscores the importance of India’s infrastructure-led growth focus, further solidified by government-backed projects.
However, the road ahead isn’t without challenges. While non-trade demand is expected to rise after the monsoon, it brings the dilemma of lower margins, potentially putting pressure on cement prices. We witnessed a price hike of Rs.10-20 per bag across regions in August, with more hikes expected in October, ranging from `5-15. Yet, there is uncertainty about whether these increases will hold, especially as market dynamics continue to evolve.
As we celebrate Diwali, I wish all our readers prosperity and success in navigating these changing tides. The coming months will be pivotal, and we look forward to a promising revival across the sector.