I have great pleasure in communicating once again with you for sharing
views on the last exercise of CMI FPE.
First, I would like to introduce the global economical context : the
contraction of the world economy has had a major impact on the
activities of our traditional customers in the steel industry, and as a
result on their capacity to invest in new production equipment or in
updating existing plant, a pattern that was evident around the world.
Consequently, competition for the existing projects on the steel market
was really fierce.
In spite of this difficult environment, CMI FPE registered
unprecedented order level in 2011-2012, capitalizing on the vitality of
the Indian economy. At the same time, on the operational front, the
execution schedules of certain projects in 2011 were revised owing to
market conditions. CMI FPE thus closed 2011 with a very strong order
backlog. We turned this slowdown into opportunity to achieve our
ambitious extension project. After months of determination and hard
work, we finally transformed the Taloja facilities into a Centre of
Excellence for Cold Rolling Mills Manufacturing.
I am pleased to share with you that we have been actively developing
CMI FPE during the last exercise: Beyond the integration and
development of new technologies we have enhanced our 3D engineering and
project management capabilities, strengthened our internal processes,
invested in safety equipment and training, marketing supports, ... The
image of your company in India is a symbol of trust and we received
very prestigious orders from more and more customers. ArcelorMittal is
one of such customers whom, during the last fiscal year, entrusted your
company for the supply of a new stand alone Temper Mill at
ArcelorMittal DOFASCO, Canada and a new Skin Pass Mill for high end
applications at ArcelorMittal Eisenhuettenstadt in Germany. Both mills
will be manufactured in our new centre for Excellence for Cold Rolling
Mills. The need for such new facility had been previously anticipated.
Indeed, when looking at developing the turnover of CMI FPE, we had come
to the conclusion that manufacturing was a bottle neck and decided to
expand the capacity of our workshops. To do that, we invested in
machining centres and built new sheds with heavy handling capacities
while optimizing the overall lay-out of the plant in order to improve
the production-flow. In addition, by dedicating each shed to a specific
part of the manufacturing process (machining, assembling, packaging,
expedition, ..) we now benefit from the advantages of a more efficient
and focused manufacturing set-up. With such new infrastructure, CMI FPE
is now able to house, for instance, the assembly of up to ten cold
rolling mills or even two 5 stand tandem rolling mills at the same
I am also encouraged by the fact that in the years to come, Indian
industry, and especially the steel industry, will continue its
expansion in order to meet the growing needs of the population. This
growth will be more and more focused on high-end applications. In this
context, we are able to meet the needs in a very fast track as we have
doubled the capacity of CMI FPE. You have also to know we had last May
the groundbreaking of an additional plant to be built in Hedavali, near
Technologically speaking, '' given our in-house expertise in the
downstream industry, we can accompany our customers in developing
high-end capacities up to the qualification by the automotive
manufacturers for instance. This makes definitely CMI FPE the ideal
partner for new facilities, upgrading and consulting to get the most
out of customer''s plants and make their projects successful!
I look forward to your continued support and faith to CMI FPE in the
years to come.