Conflict in West Asia hits foundries of Shivamogga, industries fear temporary closure
The Hindu
Conflict in West Asia disrupts operation in Shivamogga's foundry industries, with raw material shortages leading to potential production halts.
Medium-scale industries manufacturing metal castings in Machenahalli Industrial Area near Shivamogga are severely hit by the ongoing conflict in West Asia.
Facing the shortage in the supply of raw materials, along with rising logistics costs, industrialists fear they may have to halt production if the conflict continues for a few more weeks.
The industrial area is known for foundry and allied industries. About 120 units have been active in the area, providing direct employment to about 8,000 people. Altogether, about 12,000 families are dependent on the industrial activity. These units export their products to the USA, Europe, Australia and other countries.
“If the conflict continues for another month, we will have to stop our units,” said S. Rudre Gowda of Shanthala Group of Industries. The supply of raw materials, particularly resin, alcohol-based refractory coatings, sleeves and filters – necessary for moulding work – has been hit badly.
"We are managing with the available stock. Suppliers are not assuring us quantities in line with our demand. Similarly, the prices have also gone up. If the conflict does not stop soon, we will have to pull down shutters,” remarked Rudre Gowda, who is also a former MLC.
Former MLC and industrialist S. Rudre Gowda (centre) with fellow industrialists D.G. Benakappa and H. Mahendrappa. | Photo Credit: S.K. Dinesh
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Conflict in West Asia disrupts operation in Shivamogga's foundry industries, with raw material shortages leading to potential production halts.
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