What new product will Everest come up with in 2020?
Everest is foraying into the heavy machinery segment which includes straddle carriers, gantry cranes, segment transporters and segment launchers from 100t to 1200t These will be required for high speed railway projects, metro rails, flyovers and bridges. The government’s dream project – the 508 Km Mumbai – Ahmedabad bullet train project, will also require heavy machines during construction.
Will there be cost advantage once you start manufacturing in India?
The cost of logistics will come down. Then the 7.5 per cent custom duty can also be eliminated. The manufacturing cost in China is also a bit higher than India now. Though the price of land, electricity and water is subsidized in China, the price of skilled workers is almost double as compared to India. So, once we start manufacturing GJJ hoist in India, I can promise our customers that the price of our indigenously manufactured products will be less as compared to the existing price tag.
What are the main features of GJJ's hoists promoted by Everest?
GJJ invented the men and material hoist, passenger hoist, and the rack and pinion construction platform after decades of R&D. Today, GJJ is a world leader in high speed, medium speed and low speed hoists, with a total population of about 64,000 units. GJJ eliminated the trailing power cables and innovated the special bi-directional Busbars. It utilizes the NORD Mechanism along with Siemens VFD.
The speeds specified in GJJ catalogues are the true speeds achieved with full load. The company can offer 46m/min, 63m/min, 96m/min, and even 120m/min (2m/sec) hoists, according to the height of the building. These hoists can be used for 20 years without any major trouble/maintenance. The features and the reliability of GJJ hoists have made GJJ a preferred brand amongst contractors. Almost every construction today, including multi-storey buildings, cement, steel, power plants, refinery etc. are being built on a fast track basis and they need such machines to complete projects on time.
How important is automation in the construction sector?
Automation is necessary for the CE industry. It reduces the downtime of the machineries and increases productivity. It also saves electricity and fuel consumption. But at the same time, it is necessary to develop skilled manpower to maintain such advanced technologies, which we are doing continuously.
What was the financial performance of Everest in 2019?
We are closing this financial year with a hike of around 20-25 per cent turnover and we expect another 20 per cent increase in the next financial year. As the government is focused on the construction and infrastructure segment, we expect that the CE sector will witness growth ahead.