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Fornnax Wins ‘best Brand 2024’ Award in Recycling Industry by the Economic Times

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The year 2024 has been a landmark one for FORNNAX TECHNOLOGY PVT LTD, marked by numerous significant achievements, with the most recent being the prestigious ‘Best Brand 2024’ award presented by ET NOW (The Economic Times). This recognition demonstrates the company’s considerable contributions to the recycling industry, firmly establishing FORNNAX’s status as an industry leader.

Situated in the bustling industrial hub of Ahmedabad, Gujarat, India, FORNNAX specializes in the production of top-tier recycling equipment like shredders and granulators, tailored to the ever-evolving needs of the recycling sector. This unwavering commitment to quality and local manufacturing has been instrumental in the company’s continued success.

Mr. Jignesh Kundaria, the Director and CEO of FORNNAX, shared his visionary outlook, stating, “We are dedicated to pioneering sustainable recycling solutions with our innovative offerings. Our mission goes beyond merely selling equipment; we are building a lasting business. This philosophy is at the core of who we are.” This powerful message encapsulates FORNNAX’s visionary focus, emphasizing their commitment to fostering sustainable recycling ecosystems and recognizing the interconnected nature of the industry.

The Economic Times presented this distinguished award to acknowledge and celebrate exceptional accomplishments within the recycling machinery manufacturing sector. FORNNAX extends its heartfelt gratitude for this revered recognition. The selection process for the ‘Best Brand 2024’ award entailed a meticulous evaluation of several critical parameters, including brand value, market longevity of equipment, annual turnover, a remarkable 30% growth rate, and strong brand recall among industry professionals and customers. These criteria reflect the extensive nature of the award and highlight the significance of FORNNAX’s achievements.

Upon receiving the award, Mr. Jignesh Kundaria, Director and CEO, along with Mr. Ankit Kalola, Global Head of Sales & Operations, expressed their enthusiasm. “We are deeply honored to be recognized as one of The Economic Times Best Brands of 2024,” they said. “This accolade inspires us to continue innovating and developing groundbreaking solutions for the recycling industry,” Mr. Kundaria added. “We owe our success to our dedicated employees, trusted stakeholders, and valued customers, and we are truly grateful to the ET NOW group for this esteemed award. We look forward to leading the charge towards a more sustainable future,” he further expressed his he further expressed his appreciation.

With this recognition, FORNNAX remains resolute in its pursuit of innovative and efficient recycling solutions, continually striving to create a greener future.

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.

Concrete

Cement industry to gain from new infrastructure spending

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

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AI boom drives demand, says ACA

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The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

Image source:https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1zOrih.img?w=2000&h=1362&m=4&q=79

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Concrete

GoldCrest Cement to build plant in India

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GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.

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