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Foundry Daily News

24. October 2007

Foundry strike continues

COIMBATORE: The indefinite strike by small and tiny foundries here entered the second day on Tuesday.

Rrepresentatives of the Coimbatore Small and Tiny Foundry Owners’ Association met the Rural Industries Minister, Pongalur N. Palanisamy.

They sought supply of some of the main raw materials to the foundries through the Tamil Nadu Small Industries Development Corporation. The foundry owners also met the Managing Director of the Corporation, G. Santhanam.

The small and tiny foundries are on strike here demanding steps by the Central and State Governments to control the spiralling prices of pig iron, coke and scrap.

The engineering units, which are the main buyers of the castings manufactured in the foundries, have expressed their support to the strike.

Manmohan's intervention sought to save foundry industry

Coimbatore (PTI): CPI MP K Subbarayan on Tuesday sought immediate intervention of Prime Minister Manmohan Singh to save the foundry industry and find a solution to the 'unprecedent hike' in the prices of raw materials like pig iron, coke and scrap.

The foundries in the district have gone on an indefinite strike since on Monday to press their demands.

In a memorandum to the prime minister, Subbarayan said that nearly 2000 foundries and 500 pumpset manufacturing units in the district have been closed, affecting the lives of nearly four lakh workers as well as making a revenue loss of Rs 40 lakh per day.

"Considering this, the overall loss can well be comprehended if the indefinite closer continues. Therefore I urge you to intervene immediately and initiate corrective measures," Subbarayan, who represents Coimbatore Lok Sabha constituency, said.

The government should take concrete and immediate steps to ensure supply of necessary raw materials to the manufacturers directly at a reasonable cost and contain the price rise without any delay, he said.

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