Economy & Market

It makes more sense to acquire plants rather than build them

Published

8 years ago

September 30, 2016

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Rajnish Kapur, Business Head – Grey Cement, JK Cement

In a freewheeling interview, Rajnish Kapur, Business Head – Grey Cement, JK Cement, speaks on his company?s expansion plans and the state of the cement industry at large.

Give us some idea of the JK group and its foray into the cement business. What are your plans for expansion?
JK Cement is part of the multidisciplinary industrial conglomerate JK Organisation. We have over four decades of experience in cement manufacturing across the core categories of grey cement and white cement with value-added products like wall putty and waterproofing compounds, etc. Our enduring strength remains in our diverse product portfolio, high quality raw materials, consistently growing capacity, an extensive marketing and distribution network and the technical knowhow. JK Cement entered into the cement business by commencement of commercial production at the Nimbahera facility in 1975 with an annual capacity of 0.3 MTPA. With constant upgradation, the unit?s present capacity has touched 3.25 MTPA. It is equipped with a waste heat recovery system of 13.2 MW to reduce the electrical energy cost and utilise waste heat. The Mangrol facility?s commercial production commenced in 2001 with 0.75 MTPA capacity which has increased to 2.25 MTPA, along with a 25 MW captive power plant, a 10 MW waste heat recovery plant and a split grinding unit at Jharli with a capacity of 1.5 MTPA.

Near Muddapur village of Karnataka, we have a 3 MTPA plant which is based on Portland and slag cement. The Muddapur facility is equipped with the most advanced technology available in the global market, making it the most modern plant.

The Gotan facility at Rajasthan is a dual-process plant with the capability of manufacturing grey cement as well as white cement. The Gotan facility?s existing grey cement capacity stands at 0.5 MTPA. We were the first in India to build a white cement facility. The white cement plant was commissioned at Gotan in 1984, with an initial production capacity of 0.05 MTPA. Over the years, continuous process improvements and modifications have enhanced the plant?s production capacity to 0.6 MTPA. Our wall putty capacity was 30,000 tonnes per annum in 2005, which increased to 5 lakh tonnes in 2013. With the commissioning of the Katni unit, the capacity has surged to 7 lakh tonnes.

How has the consolidation phase in the cement industry progressed so far? Do you expect more consolidation to happen, or less, in the next 10 years?
I think in the year 2008 when I joined the cement industry, we saw the meltdown at the global level. Especially, I remember in a country like Spain, the cement consumption suddenly dropped to what it was 40 years back. But before that, the industry was doing very well from the global perspective. In India, the last couple of years have seen about 40 million tonnes of capacity changing hands. The reasons are many, but inability to service debt due to high infrastructure cost is one of the most prominent reasons. But mergers per se are not new to us. We saw the first consolidation taking place way back in 1936, where 10 existing cement companies came together under one umbrella in a historic merger and formed ACC. It is a matter of opportunity. Today, setting up a plant after acquisition of land has become extremely difficult. It makes more sense to acquire plants rather than build them. At present, there is huge surplus capacity over demand. In a wider sense, it helps the economy. The chances are that consolidation may make some players very strong, but it is taken care of by the Competition Commission laying down strict guidelines for acquisition. We, at JK, are watching the emerging opportunities and will take appropriate decisions when needed. As per my understanding, a reasonable amount of consolidation has already taken place, and while there may not be many big ticket acquisitions in the offing, standalone plants may still come up for sale.

Do you think there is a disconnect between the GDP numbers and the demand growth the cement industry is witnessing? At GDP growth of 7.6 per cent, the cement industry?s growth should have been more than 10 per cent…
The historic conversion ratio of cement industry growing at 2 to 2.5 per cent over GDP has seen a shift in the past decade or so. This may be attributable to a shift in the major drivers of cement demand growth; for example, there is a difference in the dependence of cement growth on infra today. Housing, being the biggest driver of growth, has seen a slowdown due to a number of unsold dwellings in the market. The large infra projects need a long gestation period and are now in the take-off phase. We, however, need to look at the Indian cement industry in context of the global scenario, wherein Indian growth is actually much higher than peers and developed economies. On a near-term analysis, with this year having good monsoons and the government infra push, we should see a positive impact. Over the long term, we should see road & highway projects, Smart Cities, ?Housing for All?, Metro projects, etc., driving growth.

Does JK Cement have any new market initiatives planned in the near future?
Customer orientation and service is our mission and we are constantly evaluating as to how we can improve our offerings to the customer. The first and foremost responsibility is to deliver a product that exceeds all quality parameters and we at JK Cement have the best quality monitoring systems in place. We are also taking a number of steps to improve our service to the customer. In terms of logistics, we are ensuring that we reach our network most efficiently. In the recent past, we have taken a number of steps to improve the capabilities of our own team, as well as our channel partners. Regular meetings with our channel partners are helping us understand the market needs correctly, and regular market visits by all in the hierarchy help us to be proactive in our service to the end customer. One area where we have made a paradigm shift is to separate the technical support activities for our grey cement and white cement divisions. With this, we are able to focus more diligently on the requirements of our respective customers. In continuation to this, we are also establishing concrete labs in different cities. We are also working on having a deeper penetration of our network. We have also planned various new initiatives in the near future, like we are working on a ?Go to Rural Market Model? to reach out to our rural customers. We have also recently launched a new influencer management scheme by which we hope to engage our influencers more meaningfully. Also, we will be adding various new value-added services for our customers and professionals looking at their needs, which will help them in building strong homes.

We have added a number of large infra players to our portfolio, and since the last year, JK Cement has been recognised as one of the major suppliers for big projects in the country. We have significantly increased our key account capability and this has also helped us get good brand visibility. Sustaining a good key account is not an easy task as we have to meet the expectations of various stakeholders in terms of product quality and supplies. Our product range is already approved by various agencies, which reflects the confidence of large buyers in our product quality. We also keep a close tab on the market to understand how our cement is performing in the hands of our customers. Our aim is to produce the best cement and provide the best service to our customers.

JK Cement has been ahead of others in power generation through Waste Heat Recovery (WHR); please give us some insight into how you have been doing it…
Our CMD, YP Singhania, is a great visionary. Living up to its reputation of pioneering many firsts in India, JK Cement became the first company to invest in installation of a WHR concept-based 10 MW power plant in India, in collaboration with TEC, Japan in 2008, and got carbon credit certificates under CDM, initiated by the World Bank, to reduce the carbon dioxide footprint. It was increased to 13.2 MW in the following years. As the plant capacity increased during the years due to upgradation in Nimbahera and new lines in Mangrol, we have today reached a total of 23.2 MW of WHR capability. In Muddapur, Karnataka, captive power plants were conceived along with the project and 2 x 25 MW coal based plants were installed.

Our current focus is to improve our capability to use AFR. Taking inspiration from the best companies in this field, we would like to improve our capabilities significantly. It makes good business sense, and it also helps the country.

How is the PAT scheme working for the industry, and more particularly, how is it working for JK Cement?
Perform Achieve and Trade is a scheme started by the Government of India under various international agreements to reduce the footprint of GHG (Green House Gases) by way of improving energy efficiency in energy intensive manufacturing sectors like steel, cement, etc. The Bureau of Energy Efficiency was set up under the Energy Ministry to look after this legally binding scheme. We have completed the 1st cycle of audit, and achieved our target. It is always easy to complete the first cycle. It is like an examination – getting up to 70 per cent of marks is fairly easy, but to increase the percentage from 80 to 85 is fairly difficult. We got the credit certificates for the first phase, but the 2nd cycle is going to be tough. We feel that the PAT scheme as such makes good business sense also; it?s not to be looked upon merely as a push from the government. In the second cycle, we are taking many small steps. Our focus is lowering electrical and thermal energy. We have planned investments accordingly – the major one being replacing drives with variable speed drives.

How has been the performance of JK Cement in the production of blended cements? Is JK planning to start production of composite cement? What do you think about the market for composite cements?
JK Super Cement is one of the premium grey cement brands in the country, available as Portland Pozzolana Cement (PPC). The product complies with quality standards specified by the Bureau of Indian Standards (BIS) and is much in demand, from both the retail and the institutional segments.

When I was at Bangladesh, we tried making a masonry cement while working with a Holcim plant. However, it was not a success because of improper use by the end customer. The regulatory system has to be in place and effective for application-based products. If the product is used for an incorrect purpose, then the results can be catastrophic.

We welcome the plan to introduce composite cements and we are evaluating the potential of this product. In Muddapur, we produce all three types of cement and can launch composite cement, if we find a demand for this product. We have started taking laboratory trials and evaluating all options.

We would like to know more on your dual-process plant, which can produce grey as well as white cement.
The white cement plant at Fujairah has been established with technical assistance of Taiheiyo Corporation, Japan. The company?s grey cement plant at Gotan in India is also of Taiheiyo technology and it can produce both grey and white cement. Similarly, the plant at Fujairah can produce both grey and white cement and the capacity is 0.6 MTPA of white cement or 1 MTPA of grey cement, or a combination of both. The changeover from white to grey or vice versa can be done in a short span of two to three days. However, presently the company is operating the plant at Fujairah only for production of white cement and has no immediate plans of producing grey cement, looking at the market conditions in the region.

Can you brief us on your CSR initiatives?
JK Group is known for its philanthropic initiatives in our country. The group has made many contributions to society by way of running schools, colleges, training facilities, ITIs, and building temples, etc. The JK temples in Kanpur and Nimbahera are much revered and are important religious places. We have built some of the best schools in the states in which we operate. LKSEC, Gotan (Rajasthan) is one such school where students from all parts of the country strive to get admission. We also have a university and a management college in Udaipur. At Nimbahera, we have constructed a new building for ITI this year, and it has received green building certification. We are running an RTC for the past few decades. Here, we not only train our own employees, but also those from other companies as well. In addition, we take a number of initiatives to improve the living conditions of our plant neighbourhood like vocational training, supply of water to villages, etc. We also encourage architects by conducting one of the most prestigious competitions for Indian architects and those from neighbouring countries. AYA is now in its 25th year, and we have honoured almost all the leading architects of India during the last 25 years.

Concrete

Lohia Corp Expands Global Footprint With Acquisitionof J.j. Jenkins Inc and Strategic Joint Venture With Omgm

Published

2 weeks ago

October 22, 2024

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Lohia Corp Limited (LCL) is pleased to announce two significant milestones that mark our
expansion in the global market.

We have successfully acquired J.J. Jenkins Inc. a respected name in machine manufacturing for
high-tech industries, through our US subsidiary, Leesona Corp, a 130-year-old pioneer in winding
machines. This acquisition aligns perfectly with our strategic vision to expand our specialty yarns
and tapes portfolio in medical and defence applications.

In addition, we have formed a strategic Joint Venture with Italy’s O.M.G.M. sas, leading to the
creation of OMGM Extrusiontechnik Srl. With LCL holding the majority stake. This JV represents
a significant diversification of our product portfolio, introducing solutions in Extrusion and
Winding systems for a variety of technical applications.

These advancements are not just about growth; they’re about bringing cutting-edge solutions to
our customers and contributing to industries that make a difference. Stay tuned for more updates
as we continue to push the boundaries of technology and engineering excellence.

Mr. R K Lohia, Chairman & Managing Director of Lohia Corp Limited, expressed his enthusiasm
about the new ventures “Both these new partnerships are a pivotal move that will broaden our
product offerings and provide our customers with even more choices and will enhance our
presence in the North America and European market, at the same time strengthen our presence
in all other global markets.”

About Lohia Corp Limited
Lohia Corp Limited (LCL) stands as a testament to the power of innovation and commitment to
excellence. As the flagship company of the Lohia Group, LCL has established itself as a global
leader in providing comprehensive solutions for the raffia industry.

With an impressive installation base of over 2,250 extrusion lines and 95,000 Circular Looms
across more than 100 countries, LCL’s influence in the plastic woven fabric and bag sector is
unparalleled. The company’s dedication to quality and efficiency has resulted in an astounding
plastic processing capacity of 7.7 million metric tons per annum of PP & PE.

LCL’s products, ranging from packaging systems for solid bulk materials to roof underlays and
tarpaulins, are not just industrial applications; they are the building blocks of industries
worldwide.

The company’s commitment to sustainability and innovation is the driving force that makes it the
world’s largest producer of machines for the raffia sector. As we look to the future, LCL’s legacy
of excellence is more than just a benchmark; it is a continuous journey towards pushing the
boundaries of possibility.

About J. J. Jenkins, Inc
J. J. Jenkins Inc. is a very respected name based out of North Carolina, USA. They remain at the
forefront of the synthetic fiber and monofilament industries. Their unwavering commitment to
innovation, quality, and customer satisfaction has not only set industry standards but also
fostered enduring partnerships with Fortune 500 companies including some in the medical and
defence industries.

Their holistic approach, combining state-of-the-art technology with unparalleled after-sales
support, exemplifies their dedication to client success. With a vast inventory ensuring rapid
response times, J. J. Jenkins, Inc. is synonymous with reliability and efficiency.

About OMGM sas
Since 1965, OMGM sas is a distinguished Italian leader and has been at the forefront of the plastic
processing industry, pioneering in Monofilament Extrusion, straps, ropes and various other niche
applications. Their commitment to excellence is evident in their advanced technologies and
versatile extrusion lines, handling a variety of materials for diverse industries.

As we look ahead, it’s clear that OMGM Extrusiontechnik Srl will continue to lead and transform
the industry with their precision, innovation, and bespoke solutions. They are more than a
company; they are a trusted partner in progress.

Concrete

Adani acquires Orient Cement at INR 8,100 crore equity value

Published

2 weeks ago

October 22, 2024

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Acquisition adds 16.6 MTPA capacity (8.5 MTPA operational, 8.1 MTPA Ready to Execute).

Accelerates Ambuja’s journey to achieve 100+ MTPA operational capacity in FY 25

Provides 6 MTPA potential additional capacity in North India, leveraging OCL’s high quality limestone reserves in Rajasthan

EDITOR’S SYNOPSIS

Ambuja enters into a binding agreement to acquire 46.8% stake in Orient Cement Ltd (OCL). The acquisition helps to move towards target capacity of 140 MTPA by 2028.
OCL has an existing 5.6 MTPA clinker and 8.5 MTPA cement operational capacity, 95 MW CPP, 10 MW WHRS, 33 MW Renewable Energy spread across the states of Telangana, Karnataka and Maharashtra. It improves Adani Group’s market share pan-India by 2% in the cement industry.
OCL has secured a concession from Madhya Pradesh Power Generating Company Ltd (“MPPGCL”) to set up 2.0 MTPA Cement GU within the premises of Satpura Thermal Power Station in Sarni, MP.
OCL also has a large high quality limestone mining lease in Chittorgarh, Rajasthan, providing the potential to set up additional 6 MTPA capacity in North India.
The acquisition of OCL complements Ambuja’s existing cement footprint, reducing overall lead distances and logistics costs for the cement business and improving market share in our core markets.
Acquisition will be funded through internal accruals, Ambuja remains debt free.

Ahmedabad, 22 October 2024: Ambuja Cements, the cement and building material company of Adani Cement and part of the diversified Adani Group, today announced the signing of a binding agreement for the acquisition of Orient Cement Ltd (OCL) at an equity value of Rs. 8,100 crore. Ambuja will acquire 46.8% shares of OCL from its current promoters and certain public shareholders. The acquisition will be fully funded through internal accruals.

“This timed acquisition marks another significant step forward in Ambuja Cements’ accelerated growth journey, increasing cement capacity by ~30 MTPA within two years of Ambuja’s acquisition,” said Mr Karan Adani, Director of Ambuja Cements. “By acquiring OCL, Ambuja is poised to reach 100 MTPA cement capacity in FY 25. The acquisition will help to expand Adani Cement’s presence in core markets and improve its pan-India market share by 2%. OCL’s assets are highly efficient, equipped with railway sidings and well supported by captive power plants, renewable energy, WHRS and AFR facilities. OCL’s strategic locations, high-quality limestone reserves and requisite statutory approvals present an opportunity to increase cement capacity in the near term to 16.6 MTPA.”

Mr CK Birla, Chairman of Orient Cement and the CK Birla Group, said, “The CK Birla Group is continuously reallocating capital to sharpen its focus on consumer centric, technology driven and service-based businesses. I take pride in Orient Cement’s impressive track record of building premium brands and maintaining a leading market share in the geographies it operates in. We are confident that the Adani Group, with its strong focus on cement and infrastructure, is the ideal new owner to drive continued growth at Orient Cement for our people and stakeholders”.

Ms Amita Birla, Co-Chairman, CK Birla Group, added, “Orient Cement has a strong market presence, with sustainability initiatives, particularly in renewable energy, being a significant part of its DNA. I am convinced that Ambuja Cements is the right home for all our colleagues at Orient Cement, as well as our customers.”

OCL has 5.6 MTPA clinker capacity and 8.5 MTPA cement capacity along with statutory clearance to increase the clinker capacity by another 6.0 MTPA and cement capacity by another 8.1 MTPA. In addition, OCL also has a limestone mining lease in Chittorgarh for setting up an Integrated Unit (IU) with clinker of 4 MTPA and a split Grinding Unit (GU) of 6 MTPA in North India. OCL has also secured a concession from MPPGCL, Madhya Pradesh for setting up a Grinding Unit within the premises of Satpura Thermal Power Plant. Both these complement the Adani Group’s existing cement footprint. (Refer Annexure – 1 for OCL’s location wise cement capacity and other assets and Annexure – 2 for Adani Cement’s footprint post-acquisition of OCL.)

OCL has recently commissioned a WHRS in Chittapur IU and is in the final stage of commissioning 16 MW solar in Chittapur and 3.7 MW solar in Jalgaon. OCL’s efficient plants, highly motivated teams, strong balance sheet and well-distributed dealer network will be excellent additions to the Adani Group’s existing cement business. OCL’s existing dealers will move to Adani Cement’s market network, creating formidable synergies.

Ambuja plans to optimize OCL’s overall capacity utilization to enhance its cost and competitiveness and improve its operating performance while leveraging the synergies inherent in the existing cement business.

About Ambuja Cements Ltd (ACL)

Ambuja Cements Ltd is one of India’s leading cement companies and a member of the diversified Adani Group – the largest and fastest growing portfolio of diversified sustainable businesses. Ambuja, with its subsidiaries ACC Ltd, Penna Cement Industries Ltd and Sanghi Industries Ltd, has taken the Adani Group’s cement capacity to 88.9 MTPA, with 20 integrated cement manufacturing plants, 20 cement grinding units and 12 bulk terminals across the country. Ambuja has been recognized among ‘India’s Most Trusted Cement Brand’ by TRA Research in its Brand Trust Report, 2024 and among ‘Iconic Brands of India’ by The Economic Times. Ambuja has provided hassle-free, home-building solutions with its unique sustainable development projects and environment-friendly practices since it started operations. The company has many firsts to its credit – a captive port with six terminals that facilitates timely, cost-effective and cleaner shipments of bulk cement to its customers. Its innovative products like Ambuja Cement, Ambuja Plus, Ambuja Compocem and Ambuja Kawach are now listed in the GRIHA product catalogue. These products not only fulfil important customer needs but also help in significantly reducing their carbon footprints. Being a frontrunner in sustainable business practices, Ambuja Cements ranks among ‘India’s Top 50 companies contributing to inclusive growth’ by SKOCH and ‘India’s Top 50 Most Sustainable Companies’ Cross-Industry by BW Businessworld.

For further information on this release, please contact: roy.paul@adani.com

Annexure -1 | Existing Cement Assets of Orient Cement Limited

Plant	Clinker (MTPA)	Cement (MTPA)	CPP/WHRS/Solar	Railway Siding
Devapur IU, Telangana	3.5	3.5	CPP – 50 MW	Yes
Chittapur IU, Karnataka	2.1	3.0	CPP – 45 MW WHRS – 10 MW Solar – 16 MW*	Yes
Jalgaon GU, Maharashtra	–	2.0	Solar – 13.5 MW+ 3.7 MW*	Yes
Operational Capacity	5.6	8.5

* capacity is in commissioning stage

Annexure – 2 | Footprint of Adani Group – Cement business post OCL Acquisition

Economy & Market

Fornnax Announces a Major Launch With Sr Max Series: Sr-max2500 Primary Shredder a Revolutionary and Game-changer

Published

3 weeks ago

October 18, 2024

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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.