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Ceramic Tiles
As many as 430 ceramic units in Gujarat's Morbi will not operate for at least three weeks as the West Asia conflict has disrupted the supply of gas required in the manufacturing process, a representative of the industry said. In Morbi, known as the ceramic city and the world's second-largest hub for ceramic tile production, nearly 450 out of the total 670 factories have already ceased operations due to the gas shortage and many more are on the verge of shutting down in the days to come, officials said. The ceramic industry relies heavily on propane or natural gas for its operations, particularly for firing kilns and drying processes. The West Asian region has been facing military turmoil with the US and Israeli forces engaging in a war against Iran, which has closed the Strait of Hormuz, a major passage for vessels. "A special meeting of ceramic units operating at Morbi in Gujarat was convened on Tuesday, where the owners of around 430 units engaged in consultations regarding the g
Uttar Pradesh is set to unveil 'Anokhi Duniya', the world's first-ever park crafted entirely from ceramic waste, according to officials. Built in Khurja, the state's renowned "ceramic capital," the park is slated to open to the public by the end of September. As per a press statement, the project is a significant part of the Yogi government's efforts to globally promote traditional industries and products, following the success of the One District One Product (ODOP) initiative. Dr. Ankur Lathar, Vice-Chairman of the Bulandshahr-Khurja Development Authority (BKDA), the park has been constructed on a PPP (Public-Private Partnership) model across a sprawling 2-acre area. "Khurja has earned a global reputation for its world-class ceramic products," Dr. Lathar said. "This park, which transforms more than 80 tonnes of ceramic waste into stunning artworks, gives our traditional ceramic heritage a distinct global identity while serving as an outstanding example of waste-to-art." A dedicat
Ahead of his party coming to power, a GOP lawmaker has demanded a robust tariffs on Indian ceramic tile imports claiming that the tile manufacturing industry in his state has been negatively impacted by the unfair and uncompetitive trade practices of Indian exporters, threatening good-paying manufacturing jobs in Tennessee. Tennessee jobs are at risk due to India's unfair and uncompetitive trade practices in the ceramic tile market, Congressman John Rose said after sending a letter in this regard to the outgoing Commerce Secretary Gina Raimondo. Tennessee's manufacturers deserve a fair shake on the world stage, he said, adding that India's underhanded subsidisation and dumping of ceramic tile is upending the domestic market and hemming in American manufacturers. The Department of Commerce should use the tools at its disposal to aggressively counteract these nefarious trade practices to protect Tennessee jobs and domestic manufacturing, he said. In May, the department announced ...
Abrasives manufacturer Carborundum Universal Ltd (CUMI) has reported a consolidated net profit for April-June 30, 2024 at Rs 114.84 crore, the company said on Tuesday. The city-based company, part of the diversified conglomerate Murugappa Group, had registered a net profit of Rs 117.76 crore during the corresponding quarter of last year. For the year ending March 31, 2024, the consolidated net profit was at Rs 476.18 crore. The consolidated total income during the June-quarter fell to Rs 1,204.56 crore, from Rs 1,234.13 crore registered during the corresponding quarter of last year. For the year ending March 31, 2024, the consolidated total income was at Rs 4,778.84 crore. The company said the consolidated abrasives grew at 6.3 per cent during the April-June 2024 quarter, while the ceramics and electro-minerals segment fell by 6 per cent and 9 per cent respectively. "Profit after tax and non-controlling interest for the quarter was almost flat at Rs 113 crore against Q1 of last y
A coalition of US ceramic tile suppliers has urged the federal government to impose tariffs on ceramic tile imports from India as it is impacting domestic industry due to subsidised imports by the Indian government. The Department of Commerce has instituted an investigation into this matter. Import of ceramics and tiles from India has increased significantly over the past few years, an association of the US ceramic and tiles industry has claimed alleging that these are impacting their domestic industry as the imports are subsidised by the Indian government. In a petition filed before the US International Trade Commission of the Department of Commerce, the Coalition for Fair Trade in Ceramic Tile (TCNA), which claims to represent more than 90 per cent of US tile production, seeks the imposition of tariffs estimated between 408 per cent to 828 per cent, alleging that there is ongoing massive and widespread dumping from India. American tile manufacturers have always welcomed fair ...
The country's exports of goods and services rose marginally by 0.4 per cent to USD 765.6 billion in 2023 despite global economic uncertainties, according to the commerce ministry data. Sectors which helped keep India's exports afloat include electronics, pharmaceuticals, cotton yarn, fabrics and made-ups; ceramic products, meat, dairy and poultry products, fruits and vegetables and information technology. Goods exports in the last calendar year, however, contracted by 4.71 per cent to USD 431.9 billion while services exports are estimated to have risen by 7.88 per cent to USD 333.8 billion, the data showed. The merchandise imports also dipped by 7 per cent to USD 667.73 billion last year as against USD 720.2 billion in 2022. The latest data for the services sector released by the RBI is for November 2023. The data for December 2023 is an estimation by the ministry. The main export destinations for India are the US, the UAE, the Netherlands, Bangladesh, the UK and Germany. Goods .