Good Year for ELGi with Growth in Key Industries

As the year is coming to an end infrabuddy.com tired to take a review of the industry as a whole, here are the view of Dr. Jairam Varadaraj, Managing Director, ELGi Equipments on the same-

“This year has been a good year for ELGi with growth in key industries, product segments, and regions.  India has shown positive signs for manufacturing and industrial growth following demonetisation and GST.  Customers are considering capacity increases and machine replacements with increased optimism.  We expect industries such as Auto and their ancillaries to be strong for our industrial screw compressors in 2018 owing to new entrants and increasing demand.  Similarly, with positive intent on infrastructure spending, we expect our portable compressed air solutions to perform well next year.  We have continued to gain share in key markets such as the USA and Europe, where our machines are fast gaining a reputation for reliability and energy efficiency.  We will continue our focus on offering the lowest ownership cost for our customers with lower energy and maintenance costs.  We will introduce customer facing technology initiatives such as Air alert, which will enable ELGi to monitor a compressor’s key parameters with the goal of predicting failure, scheduling maintenance, and improving product quality.  By early 2018, we aim to equip all of our new machines with the system.”

 “In 2017, we declared our intent to be the second largest compressor manufacturer globally by 2027.  In 2018, we will continue to invest in product and sales levers to stay on track for our goal.”