Electrotherm to double steel-casting machine production next year

Mumbai : 10 Sep 11 | 12:52 AM:Ahmedabad-based Electrotherm (India) Ltd, which offers customised steel-making machinery to secondary steel industry, expects to produce 100 units of its newly developed continuous casting machine (CCM) next year.

According to company executive director Suneel Kulkarni, 20 projects based on the machine are already underway, and around 30 more would be completed by the end of the year.

He said the CCM would be suitable to small manufacturers as it costs Rs 1.5-2 crore depending on the plant layout, compared with the Rs 2-4 crore price range of existing alternatives. The total market demand for continuous casting machines is estimated to be around 2,000.