According to a recent report, India is the 3rd largest rubber producer & 4th largest natural rubber consumer in the world. While the manufacturing capacity of rubber in India is around 90000 tons this is a key industry in the Indian economy with an annual turnover of around 12000 crores. If we have a closer look at the rubber industry there are around six thousand firms with 30 large units, five thousand six hundred small-scale companies, and three hundred medium-scale companies.
Challenges faced by the rubber industry
Some of the challenges faced by the rubber industry include minimizing energy losses, achieving high performance, manufacturing the best quality products, ensuring operational and environmental safety, improving operational inefficiencies, meeting supply chain demands, on-time delivery of operational demands, machine breakdown time, reducing uncertain raw material costs, connecting and capturing data from machines on a single platform and quality issues.
“India being a price sensitive market, most of the clients are looking to increase their bottom line by efficiently managing their operational cost. This creates a challenge for the clients who are looking for molded rubber components with a perfect price and the quality ratio,” says Cyril Varghese, CEO & Co-Founder, Elvee Rubber.
Today in order to address the various challenges that arise in the rubber industry related to pricing and quality issues it is important for clients to partner with competent manufacturers who will offer products that meet the international standard quality at the most effective pricing. This is where
Elvee Rubber a company offering custom rubber products comes into the picture. Elvee Rubber uses the best rubber materials in the country & provides competitive pricing on all molded rubber products while its quality management system is compliant that is able to meet the highest quality standards.
Emerging business demands in the rubber industry
Engaged in the manufacturing & selling of “Off-