The decision announced by Ceramic's transport associations Ceramic's Truck Vacation
The wheels of 5000 trucks will also stop in Morbi for one month from August 15
The trucks will also brake automatically when the loading stops
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| Morbi |
| Morbi |
Morbi Ceramic Industry has announced the decision to keep all units closed for one month from August 10. As truck transport will be affected due to jamo loading being closed, it has been announced in the recent meeting of Truck Transport Association that 5000 will be closed for a month from August 15.
Morbi Truck Transport udhyog
Truck transport is also affected by the adverse effect of ceramics as it is largely dependent on ceramics. Due to an increase in gas prices and a decrease in demand for tiles in export as well as domestic market due to continuous production, Morbi Ceramic Assoc. will be done.
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In this matter Morbi Tuk Transport Assoc. The meeting was held In which, due to the ceramic vacation, the cars of Raw materials will be stopped and due to the closure of lotting, the pieces have to be closed automatically. It has been announced that about 5000 trucks will be closed for one month from August 15.
Prabhatbhai Ahir, president of Morbi Transport Assoc., said that.
Dharmajali now only one Morbi truck transport Ughog loading stop from August 15, Ahir said.
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MR. Nilesh Jetpariya, PresidentMorbi Ceramics Association - The Tiles of India |
More than 90% of India's ceramics production comes from Morbi and the world's leading brands are produced here through the outsourcing model. There are more than 950 factories in Morbi.
For the new factories, there has been a delay of 3-4 months as machinery supplies from China and Italy are running late. Higher freight rates are delaying deliveries and installation delays at Morbi in the wake of the second wave. "While delays in large capacity additions are positive for branded players, the major advantage is these new plants are mainly targeted at exports (60-70% of supplies)," the report said. "Hence, they might have limited impact on domestic supplies, pricing, and margins."
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| More: ceramic city of the world |
Given the large size of the cluster, Morbi is looking to reduce its dependence on only the Indian market and also target the world's leading markets.
Morbi, the biggest cluster of the ceramic industry in India, will cut production by taking a holiday for a month from August to balance the demand-supply ratio. The decision was taken last week at a meeting of the ceramic association, where 95 percent of the units agreed on a month's holiday. Stocks are piling up in the godowns of the units because of slow demand. Morbi's yearly turnover is Rs 50,000 crore and its yearly export is about Rs 15,000 crore. The only biggest competitor of Morbi in the world is China.
Whenever demand increases price goes higher
Supply will be less than demand will increase price will also increase
The input cost for the industry is high
Because of high prices of piped gas which increased exorbitantly following a gas shortage in the world market due to the Russia Ukraine war. The industry could not increase the price of the export because of tough competition from Chinese and European countries and it had eaten up the industry's profit in the last six months. The export was affected due to the war and stocks are piling up. And in the domestic market, the demand has gone down because of a slowdown in the construction of affordable houses.
This is because of the price of rice as raw material in the real estate sector and the increase in interest rate for home loans. Nilesh Jetpariya, former president of Morbi Ceramic Association, said: "We have decided to go on a one-month vacation from August 10 to balance demand and supply. Currently, we have excessive supply against demand as a result of which we are not able to increase the price which is eating up our profit."
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