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Brass Pipe fittings to set up a pipe drawing unit
Brass pipe fittings India to set up a Brass and Copper pipe drawing unit
By: Nilesh Shah
The machinery for this has already been imported from Italy and the finance has been worked out with SBS . Initial production will commence in about 4 months from now and the target market is Western Europe. Brass pipes are used for many uses worldwide by Brass Copper and Bronze foundries and for electro mechnaical applications. Non ferrous casting industry is growing at about 12% P/A thanks to demand in automotive and electrification.
Mr. Malin Sanghvi the Exports director of the company is positive to break even in the very first year with envisaged profit for FY 2011 of US$4 Million. The company also has plans for IPO once the production comes on stream and company products like Brass fasteners anchors turned parts Bronze billets are well received in the European markets
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