Wednesday, October 24, 2007

Foundries on Strike

The indefinite strike by small and tiny foundries here entered the second day on Tuesday.

Rrepresentatives of the Coimbatore Small and Tiny Foundry Owners’ Association met the Rural Industries Minister, Pongalur N. Palanisamy.

They sought supply of some of the main raw materials to the foundries through the Tamil Nadu Small Industries Development Corporation. The foundry owners also met the Managing Director of the Corporation, G. Santhanam.

The small and tiny foundries are on strike here demanding steps by the Central and State Governments to control the spiralling prices of pig iron, coke and scrap.

The engineering units, which are the main buyers of the castings manufactured in the foundries, have expressed their support to the strike.

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