Connect with us

Business

The Future of Powder Metallurgy Industry after COVID-19

Published

on

In this unique and first of its kind situation after the Spanish flu in 1918, it is a huge wakeup call of nature with around 2 Lakh factories in India being shutdown with at least 5 billion-man days lost until now.

As India along with the rest of the world looks to determine ways to tackle this pandemic some key elements that will determine the way forward will be people, market demand, supply, and cash (liquidity).

 As India moves toward the true essence of swadeshi, the shift & focus will be surely on “Make in India” which will see an influx of capital as companies shift base from China.

For Indian manufacturers who have so far been heavily dependent on China like the rest of world, self-reliance and localisation will be the new mantra for sustainability.

 With restricted movement of people, labour, goods, transport in India and across the world, technology too shall have its own limitations and any setup without an alternate supply will face a massive glitch due to hindrance in the supply chain, although government initiatives like the 20L crores package for revival of the economy will help drive localisation.

It would be pertinent to look at one of the lesser known but an extremely important and interesting technology driven sectors in our country, the P/M (Powder Metallurgy) sector. 

Powder Metallurgy ( in short P/M )is an art in the science of making metallic components from the corresponding constituent metal powders. These metal powders produced are   compacted and sintered (diffusion bonded) to make the required machine components called sintered parts.

 Powder Metallurgy is divided into two broad parts, one; manufacturing metal powders of ferrous and non-ferrous metals and their alloys and the other; using powders to make the parts.

80% of metal powders used in the P/M industry are Iron based Powders while 20 % are nonferrous.

Almost a million tons of iron powder is used worldwide each year. Around 90% of this quantity is used in the production of sintered components & 75% – 80% of sintered components are used in the automotive industry. The rest can be found in appliances, business machines, bicycles, hand tools and other implements made in large numbers.

The history of sponge iron powders in INDIA goes to back to 350 A.D evidence of which can be seen in IRON PILLAR at Delhi.

However, it was in 1911, that Hoganas A.B. of Sweden, re-invented the process of making sponge iron by a chemical reduction process, using Magnetite Iron Ore as a melting feed stock. In 1931, the process evolved towards the manufacture of sponge iron powder by employing double stage reduction.

While HOGANAS SWEDEN holds the world’s largest market share of sponge iron powder, the rest of the global players as QUEBEC & KOBE make ATOMISED & REDUCED grades, Chinese companies sell a mix of these in India, but their quality remains inconsistent.

India solely depends on imports of Iron Powders that are used extensively for components required for the automotive sector, along with welding, cutting and structural parts. Due to this unprecedented situation, it has become extremely necessary to be independent and start the manufacturing in India.

Here we would like to reinstate that these Iron Powders or any other non-ferrous can be produced in India without any technological import or assistance.

One day in the year 1982, the legendary late Dr. Henry H.Hausner, the International Authority and Father of  Powder Metallurgy ,told our mentor Mr. S. Mohanty, “The basics of Powder Metallurgy, is a game of sizes and shapes of powder particles and is an ART of its class”.

For Mr.S. Mohanty the researcher and inventor in this technology ,it  has been a long journey of more than four decades of persistent efforts of pioneering applied research that led to the development of this technology . It continues even to this day with many proprietary works some of which that are patented vide Indian Patents nos. 154181, 168601, 171892 & 18635.

Our company Involute Metal Powders (IMPT) formerly S Mohanty & Co. been instrumental in setting up many metal powder industries in India for the manufacture of Copper, Bronze, Tin , Diluted Bronze and other alloy powders.

‘Ironically though, even after being the only technology provider in the world for the manufacture of  sponge iron powder by the reduction process other than Hoganas, India  still lags behind significantly in setting up a manufacturing facility which can stand at par with world standards and break the monopoly of the Iron Powder giant of the world.’

An indigenous process for manufacture of Sponge Iron powder has been developed by the erstwhile S.Mohanty & Co registered under patent no. 154181. The process involves two stage reduction of Iron Mill Scales, instead of Magnetite. This process remains unique as no other REDUCTION process has been developed so far nor could a prototype of the Hoeganaes process be implemented anywhere in the world. In yet another first, Involute Metal Powders has developed a high compressibility Iron Powder by the same two stage reduction of Mill Scales (vide Patent no.171292) .

Some APPLICATIONS OF IRON POWDER

  • Self-lubricating bearings
  • Parts with complicated geometry where high green strength is essential.
  • Shock absorber parts
  • High density P/M structural parts
  • Clutches and pulleys
  • Brake pads and brake shoes
  • Soft magnet applications
  • Welding electrodes
  • Metal Cutting & Scarfing

The Indian Automotive industry is the world’s fourth largest and expected to reach around 18 trillion rupees (US$ 251.4-282.8 billion) by 2026.

While the Two-wheeler industry consumes approx. 90,000 tons of metal powder per year, the

Four-wheeler industry consumes around 75,000 tons per annum.

Thus even though the total consumption of sponge iron powder in INDIA is approx 132000 tonnes/year, we are yet to meet the demand of the market.

The drawback of not having indigenous factories to produce metal powders and the resultant dependence on imports makes for an expensive proposition and depletes market competitiveness.

Foreseeing a future where World economic and technological situations will alter post COVID, setting up captive plants for in -house consumption and huge standalone manufacturing facilities would help cater to the demands of Indian and Asian Markets that are growing rapidly.

With emphasis on MAKE IN INDIA initiative & ATMANIRBHAR BHARAT by our honourable Prime Minister, the Indian government will incentivise the industry and its end users to go for indigenous products, processes, and innovative projects.

An initiative by a local giant or a start-up to go for an indigenous process to manufacture Iron Powder would go a long way in taking India towards being a game changer for the Powder Metallurgy industry and a market leader in the field.

Soumya Vilekar, entrepreneur,  a joint patent holder in metal powders,

CEO, INVOLUTE METAL POWDER TECHNOLOGIES LLP

www.powdertechnologies.com

Hannah Barwell is the most renowned for his short stories. She writes stories as well as news related to the technology. She wrote number of books in her five years career. And out of those books she sold around 25 books. She has more experience in online marketing and news writing. Recently she is onboard with Apsters Media as a freelance writer.

Continue Reading
Advertisement

Business

Conduent and Microsoft Collaborate to Use AI to Increase Business Efficiency

Published

on

AI-Powered Strategic Alliance for Improved Business Operations

Conduent, a provider of business services, recently announced a strategic partnership with Microsoft. The purpose of this partnership is to lead the way in generative artificial intelligence (AI) applications in important industries. The partnership’s primary goals are to use AI to transform healthcare administration, improve customer support, and strengthen fraud detection systems.

Boosting Cloud-Based Secure AI Adoption

Conduent’s clients will be able to take advantage of a secure cloud environment at a faster rate thanks to the synergy between Conduent and Microsoft. Three generative AI pilot programs are presently being developed by the alliance, one of which aims to efficiently extract data from medical documents. The goal of this project is to use Microsoft’s Azure AI Document Intelligence and Azure OpenAI Service to expedite the resolution process.

AI’s Strong Effect on the Growth of Small Businesses

The applications of AI go beyond the healthcare sector and include small businesses, where AI is thought to be a growth accelerator. AI has many uses, from enhancing customer service to automating marketing campaigns to expand its market reach. Particularly tailored AI solutions are being developed for small businesses, taking into account their unique resource limitations, making advanced AI tools more accessible to them.

Businesses with limited resources can now benefit from AI models developed by companies like Microsoft, which has garnered attention and given them a competitive advantage in the market. Supporters of these scaled models emphasize how easy it is to integrate, how affordable, and how little data these models require—all of which are advantageous for most companies that handle large volumes of sensitive data.

Conduent and Microsoft’s partnership is a big step toward bringing artificial intelligence (AI) into conventional business models, optimizing workflows, and establishing new benchmarks for customer and client interaction.

Continue Reading

Business

A positive mindset, steering positive financial change, meet Oz Clement Knight

Published

on

Oz Clement Knight pushes boundaries as a top financial educator and entrepreneur, inspiring lives worldwide.

It is sometimes not just about feeling passionate about working in a particular field; it is more than that for a few rare professionals and business owners who strive for excellence daily, besides feeling passionate about all they choose to lay their hands on. When we saw the rise of Oz Clement Knight, who has been in the financial sector for several decades, we understood how a person needs to surrender to his aspirations and goals in life to push boundaries and steer positive change.

Oz Clement Knight is all about this and beyond. At every step in his journey, he has proved why he deserves to be called a leader in the financial realm, for he has stayed committed to taking his clients to the financial success they wish to achieve and, in the process, has reached the forefront of the industry.

He has been pioneering financial success for others through two incredible ventures, namely OHL Ventures Fund LLC and Ozmarq Holdings Ltd. The former is a Delaware series limited liability company to make venture capital and growth equity investments in diverse leading seed stage, early stage, and developmental stage and later stage private companies, with companies engaged in social media, social media, life sciences, and clean tech businesses. Through the fund, he promises to create returns for investors by helping them identify and invest in potential leading-edge companies that can later provide them with massive returns.

The latter serves as the Manager of the fund that will establish a series of funds for purchasing securities of a portfolio company/companies from a secondary source, making a separate and distinctive investment directly in a portfolio company/companies, and/or investing in the interests of investment funds, special purpose vehicles, or other entities whose portfolios consist of one or more portfolio companies.

With his years of experience and knowledge in private wealth management, investment banking, and capital markets, the financial educator, who loves spreading his knowledge among others, especially the youngsters in the field, has ensured that he offers financial services that cater to the individual needs of his clients, eventually empowering them to navigate the varied financial complexities in their journey to reach financial success.

Continue Reading

Business

Dell Unveils AI-Enabled Laptops and Workstations for Indian Enterprises

Published

on

In India, Dell has introduced a new line of business AI laptops and mobile workstations. The Latitude 9450 2-in-1, Latitude 5450 business laptop, Latitude 7350 Detachable, and Precision 5490 are the four laptops that the brand has introduced.

These are premium offerings with cutting-edge features that are intended to usher in the AI era and increase employee productivity for businesses. Let’s examine the cost, features, and accessibility of Dell’s most recent laptop models.

Dell Latitude 9450 2-in-1 Price and Features

The world’s smallest 14-inch commercial PC, the Dell Latitude 9450 2-in-1 is intended for consultants, salespeople, and executives. The laptop is the only commercial PC in the world with a Zero-Lattice Keyboard and Haptic Collaboration Touchpad, and it has an InfinityEdge QHD+ display.

Moreover, it has Mini-LED backlighting, which is said to cut down on battery consumption on the keyboard by up to 75%. Starting at Rs 2,60,699, you can purchase the Dell Latitude 9450 2-in-1.

Dell Latitude 5450 Business Laptop Price and Features

The Latitude 5450 business laptop is a member of the 5000 series, featuring the Intel Core Ultra U-series processor that provides up to 10% more performance for web browsing, video conferencing, productivity, and content creation than their predecessor. Starting at Rs 1,10,999, this laptop is priced.

Cost and Features of the Dell Latitude 7350 Detachable

According to some, the most adaptable commercial detachable laptop in the world is the Latitude 7350 Detachable. It has a 3k resolution with ComfortView Plus to lessen harmful blue light, and it has a sleek and lightweight design. Starting at Rs 1,73,999 is its price.

Dell Precision 5490’s Features and Cost

A 14-inch InfinityEdge touch-enabled display with a 16:10 aspect ratio debuted with the Dell Precision 5490. Updates to the device that are enhanced by AI will increase productivity in business and industry applications. In India, it is priced at Rs 2,19,999 at launch.

Continue Reading

Trending

error: Content is protected !!