The Foundry market in India is expected to grow at a CAGR of 10.77 percent between 2022 and 2027, reaching a market size of $15,684.57 million by 2027. Key industry segments such as automotive, instrumentation, pump & valve, aerospace, healthcare, and general engineering are major contributors to the demand for the investment casting sector. All these sectors are projected to experience an upward trajectory.
The Government of India is placing significant emphasis on infrastructure development, which is anticipated to have a substantial impact on the demand in the automotive and other related sector, particularly in the commercial vehicle segment. Initiatives like 'Make-in-India' are generating numerous opportunities for domestic manufacturing. Indian investment casting manufacturers have been investing in advanced technologies and process improvements to enhance their capabilities and meet the evolving demands of customers. The adoption of innovative technologies such as 3D printing and various simulation tools has further enhanced the efficiency and quality of the investment casting process.
The Indian manufacturing industry is renowned for its cost competitiveness and skilled workforce. The growing emphasis on quality within the sector has made the country an attractive destination for international buyers, with more and more customers worldwide exploring procurement opportunities in India. However, due to the higher number of intermediate operations involved in the process, lead time for new component development in investment casting tends to be longer compared to other casting processes. This extended lead time often limits flexibility in responding to changing requirements.
Uni Deritend, a Neterwala Group company is actively addressing this constraint by utilizing 3D printed patterns for manufacturing samples, enabling them to conduct various trials at the customer's end and expedite the development process. The Group Engineering Research & Development (ERD) team is continuously working on the development of new alloys. It closely collaborates with customers' development teams, to understand their future needs. Furthermore, the team works in close coordination with customers on Value Addition and Value Engineering (VAVE) projects.
Uni Deritend (UDL) is a proud member of the Neterwala Group, a family-owned conglomerate comprising nine companies, four of which are focused on metallurgy. Each of its Group Companies operates in a specialized technological domain, serving as dedicated solution providers to its esteemed clients. In several instances, multiple Neterwala Group Companies collaborate to fulfill diverse requirements of the same clients, solidifying its reputation as a reliable business partner throughout the entire value chain.
UDL holds the distinction of being India's pioneer and one of the largest manufacturers of investment castings, with a strong presence in almost every engineering application imaginable, including automotive, pumps & valves, instrumentation, healthcare, construction, electrical, general engineering, and aerospace. "With two strategically located manufacturing plants in Western India, well-equipped with facilities and infrastructure conforming to various international standards, UDL has successfully forged long-term and mutually beneficial business relationships with leading customers
In India, the EU, and North America", highlights Kuldeep Bhan, Group President, Global Metallurgy Businesses, Neterwala Group. The company's unwavering focus on delivering high-quality investment castings and exceptional customer service has earned it recognition in both domestic and international markets. Uni Deritend's expertise lies in the production of complex and intricate castings, particularly for critical applications in highly demanding industries. The client engagement process at Uni Deritend is consultative in nature, ensuring a precise understanding of customers' requirements and the delivery of high-quality investment castings.
Drawing strength from its in-house ERD experts and metallurgists, the company has acquired extensive expertise in handling various materials and alloys, catering to diverse industries and applications. Uni Deritend's investments in cutting-edge manufacturing technologies include state-of-the-art equipment for wax pattern production, 3D printing for rapid prototyping, advanced ceramic shell systems, sophisticated melting and casting techniques, and a well-equipped analytical lab for comprehensive testing and analysis.
"Uni Deritend has optimized its investment casting process, enabling us to handle small and large production batches efficiently. Continuous improvement and innovation, driven by the adoption of new technologies, materials, and best practices, have positioned the company ahead of competitors and effectively addressed evolving market demands. We are placing significant emphasis on automation throughout our production cycle to enhance our manufacturing capabilities. This strategic investment in automation will empower us to streamline processes, improve efficiency, and optimize productivity", states Kuldeep.
Excellence in Customer Engagement
Quality and reliability serve as the distinguishing factors for Uni Deritend. "Our customers place their trust in us for their complex component requirements. Our supplies maintain strict dimensional controls, reducing the necessity for machining and consequently lowering overall costs. The surface finish is a standout characteristic of castings provided by UDL. We have developed technology that allows us to achieve superior and consistent surface finishes, thereby eliminating the need for machining in numerous components", highlights Kuldeep.
Uni Deritend holds several prestigious certifications, including IATF 16949:2016, ISO 9001:2015, PED 2014/68/ EU certified by TU Nord, Germany, ISO 14001:2015, and ISO 45001:2018. These illustrious certifications play a crucial role in ensuring that the company's investment castings adhere to the highest regulatory standards, thereby ensuring exceptional quality and compliance. Uni Deritend's unwavering dedication to upholding these rigorous standards underscores its ability to consistently deliver superior products to its valued customers. With a customer-centric approach and emphasis on open communication, Uni Deritend ensures efficient and effective fulfillment of client needs throughout the entire engagement cycle.
We aspire to move up the value chain, transitioning from our current offering of 'Produce to Print' to 'Produce to Application' solutions. This strategic shift will allow us to deliver enhanced value to our customers by providing comprehensive materials solutions tailored to their specific applications
The expertise of the Uni Deritend team stands as a pivotal factor in their remarkable success and growth as a leading investment casting manufacturer. They possess profound knowledge of investment casting processes, techniques, and exemplary practices. This expertise enables them to proficiently handle intricate projects, adeptly troubleshoot issues, and optimize the casting process for enhanced efficiency and exceptional quality. The team's extensive understanding of materials and metallurgy plays a crucial role in recommending the most suitable materials tailored to specific applications. Their grasp of diverse metals and alloys ensures that the castings meet the required performance and durability standards.
The company has made significant strides in the field of investment casting manufacturing techniques. Moving forward, it remains committed to focusing on technological innovations. The company aims to expand its offerings by providing comprehensive 'One Stop Solutions' to customers, including value-added assemblies and sub-assemblies. The pursuit of light weighting is a key area of focus for future endeavors. While Uni Deritend originated as an investment casting manufacturing company, its vision is to establish itself as a materials solution provider.
To achieve this, the company plans to continue investing in technologies and process improvements, aiming to enhance productivity, reduce lead times, and elevate the quality of investment castings. Additionally, Uni Deritend intends to explore new opportunities in the international market by increasing its presence and forging strategic partnerships. “We aspire to move up the value chain, transitioning from our current offering of 'Produce to print' to 'Produce to Application' solutions. This strategic shift will allow us to deliver enhanced value to our customers by providing comprehensive materials solutions tailored to their specific applications”, Concludes Kuldeep.