INDUSTRY PROFILE

The India conveyor belt market is primarily being driven by rapid

industrialization and increasing infrastructural development activities. Conveyor
belts are also widely used in the mining and industry to carry ores, concentrates
and tailings throughout the mining cycle from the initial excavation point to the
production of refined material. Moreover, various product innovations, such as
the development of textile-reinforced and steel cord-reinforced belts, are
providing a thrust to the market growth. The integration of the Industrial Internet
of Things (IoT) with the connected devices for increased operational efficiency,
profitability and safety is also contributing to the growth of the market.

Conveyor belts are also used for baggage handling and transporting cargo in the
aircraft compartments and in automobile manufacturing plants for moving large
engines, trucks and cars, which is driving the market further. Other factors,
including the increasing product adoption in the food and beverage industry, are
anticipated to drive the market toward growth across the country.

A conveyor belt is a mechanical strip used for moving objects in various

materials handling processes. It is utilized to transport products in a straight line
or through multiple elevation angles or directions with controlled movement of
the product. The conveyor belt is commonly available in medium-weight,
lightweight and heavy-weight variants. They are manufactured using polyvinyl
chloride and materials, such as styrene-butadiene rubber, nylon, thermoplastics
and polyesters. They are fire-resistant, cost-effective, convenient to use and aid
in handling bulky materials and accommodating changes in elevation. They find
extensive applications across various industries, such as manufacturing, av iation,
mining, chemical and oil and gas.
Conveyor Belt Market Trends:

Conveyor belts are widely employed in the food and beverage (F&B) industry to
minimize human contact, reduce material handling time, and make food processing safer
and more efficient. This, in confluence with the rising consumer awareness about the
safety of commercial food products, represents one of the key factors bolstering the
market growth. In addition, the thriving e-commerce industry is increasing the adoption
of conveyor belts in warehouses and distribution centres to transport products and
services, minimize labour costs, and improve productivity. Moreover, expanding
construction activities worldwide are catalysing the demand for conveyor belts to
connect the broken equipment of different levels, sand production facilities, and
screening equipment. This can also be attributed to governments of various countries,
which are investing in infrastructural development. Besides this, there is a rise in the
usage of conveyor belts in the mining industry to transport excavated and crushed rocks
in an efficient manner. Apart from this, key market players are focusing on developing
eco-friendly products with self-cleaning properties, which is anticipated to provide a
positive outlook for the market in the coming years.
Material handling equipment such as Conveyor systems has experienced an upsurge in demand
in recent past. Manufacturing industry players have not only focused on improving quality and
production efficiency, but have also made significant investments towards reducing waste and
production costs through automation. Major types of conveyors systems sought by the
customer industries include belt, roller, pallet, overhead, and others including crescent, tri-
planner, and floor conveyors. Efforts are made to make the conveyors more flexible in order to
meet the demand of food and beverages and automotive industries. Belt and roller conveyors
constituted the majority of the market in 2015 with 3/5th share. Belt conveyors find application
in almost in every field such as food and beverages, retail, automotive and airport.

Conveyor Systems Market

By Type By Industry Vertical By Geography

• Belt • Retail • North America

• Roller • Automotive • Europe
• Pallet • Food & • Asia pacific
• Overhead Beverages • LAMEA
• others • Airport

Global conveyor systems are segmented based on type, industry vertical, and geography.
LAMEA refers to Latin America, Middle east, and Africa. Among major industry verticals, the
conveyor systems find widespread usage in airport, retail, food & beverage and automotive
sectors. Retail and food and beverages sectors constituted the significant portion with 4/5th
market share in 2015.

The installation of conveyors systems in airport sector has demonstrated a rapid growth as the
airport authorities focus on improving baggage handling experience at international and
domestic airports. Thus, airport sector is anticipated to grow at faster CAGR during the forecast
period. Government initiatives for hygiene and cleanliness in food & beverage industry are
expected to fuel the demand from this sector.
The top winning strategies in global conveyor systems market are analysed on a throughout
study of the leading players. Key market players were evaluated based on their published
annual reports, SEC filings and press releases. The key strategies traced from the analysis, are
explained in the graph.

Sales
9%

10%

23% 58%

Contract/Agreement Product Launch Partenership Acquisition

Market players have adopted different strategies such as contract/agreement, product launch,
partnership and acquisition.

1. Contract agreement.
The industry players provide solutions as over signed agreements to install conveyor
systems for improvement of existing facilities.

2. Product launch.
The new and innovative products in the market have improved speed capability,
flexibility material transportation.

3. Acquisition.
Renowned groups such as Dematic group and Swiss log have adopted acquisition as
their strategy to improve their market share.
4. Partnership.
Many industry players have entered into partnership with regional distributors to
increase their geographic reach and boost their finances.

Conveyor Belt Industry in India:

The Indian conveyor belt market was estimated to be around $250 million at the end of
2017.
The growing demand for power, mining and manufacturing industries is considered to
be one of the major growth drivers in this market. The leading conveyor belts
companies in India rely heavily on efficient techniques to maintain production costs as
low as possible.

Moreover, the use of industrial conveyor systems enables conveyor belt manufactures
in India to reduce inventory levels and in turn, return overall costs. The global demand
for conveyor belts is dominated by the Asia Pacific region with the rise in
manufacturing and logistics companies in this region.
The Asia Pacific comprises the two fastest emerging economies across the globe, India
and China. Increasing industrial investment in India and China has been the chief factor
driving demand for the conveyor belt in the Asia Pacific.

Since there has been an increase in the adoption of conveyor belt products across
various industries in India, there has been increased need for the conveyor belt servicing
activities.
The typical lifespan of a conveyor belt product varies from two to five years; after this
there is need for replacement of or repair work on the conveyor belt or part of the
conveyor belt.
Some of the major players in India providing conveyors belt services are Thejo
Engineering Ltd., Oriental Rubber, International Conveyors Ltd, Somi Conveyors
Beltings, Vega Conveyors and Automation.

The growth in production in the Coal mining industry in India, which is a major end
user of conveyors belts, is expected to drive higher demand for conveyor belts during
the period 2012-2016. India’s Twelfth Five Year Plan 2012-2017 has projected better
growth prospectus in industries such as Cement, Steel and Ports, which are some of the
major end users of conveyor belts in India.
The growth in these industries is expected to drive higher demand for conveyor belts in
India in the coming years. One of the major challenges being faced is the lack of
technology upgradation. Use of traditional skills and dependence on foreign players for
new technology has added to the lack of innovation in the market.
Belt Conveyors would be the largest segment of the market for conveyor systems
used in the retail Industry:

The belt conveyor type is expected to dominate the retail industry conveyor system
market. Belt conveyors are made of one or more layers of material and run in an endless
loop. They are easy to maintain and are suitable for linear running. Power belt conveyor
types are being used in certain retain industries as they help to increase productivity,
easily integrate with the company’s existing automation systems and work efficiency.

Conveyors Systems Manufacturers in India:

There are many types of conveyor system like belt conveyors, chain conveyors systems,
roller conveyors, bucket conveyors vertical conveyors systems etc. Based on the
applications, one of these conveyors is used. The design and load capacity of the
conveying system also varies with the end use. After studying all the influencing
factors, design is made. The team of Invensys Engineers is very well knowledgeable
and implementation ideas about material handling systems. With our capacity to export
our machines to abroad, many industrial conveyor manufacturers in UAE are buying
our products.
Industrial conveyors are part and parcel of every industry. Experts says that the
accuracy and uptime of conveyors determine the efficiency of the production process.
From manufacturing units to airports and quite a few in between, you need conveyors
in each workplace. The widespread demand is due to the ability to facilitate a smooth
and seamless workflow. Invensys
Engineers is one of the leading conveyor system manufacturers in India that offer
multiple types of conveyor systems in India.
 COMPANY PROFILE

Introduction:

A joint venture between the world renowned Mayfran International, USA, through its
subsidiary, Mayfran International B.V of the Netherlands, and the well-known Sirur family
from Hubli, India, Miven mayfran is a pioneer in India in the field of chip and coolant
management.

Established in Cleveland (USA) by the ethnic German entrepreneurs Meyfrath and Frantz in
1933, today Mayfran is a global leader in providing solutions for scrap and coolant
management and material handling in metalworking, recycling, solid waste processing, and
other applications. The company is an original outfitter for machine tool manufacturers as well
as machine tool users.

Head office of Miven Mayfran Conveyors pvt. Ltd

The company’s headquarters and manufacturing unit are located in sprawling 5-acre campus
in Hubli, Karnataka. The 10000sqm manufacturing facility is equipped with high precision
machines to ensure world class product quality. It was established in the year 1987. The
production capacity of the company is 120-130 conveyors per month. Currently 250 employees
are working in Miven.
Drawing on the powerful combination of Mayfran’s technical expertise and global experience
with Miven Mayfran’s through understanding of the Indian environment, we are well equipped
to provide cutting edge solutions to our customers, with a wide range of proven products in the
market for almost two decades, we are proud to be associated with some of the biggest names
in the machine tool, automotive and auto-component industries.

Globally networked, locally integrated, Miven Mayfran is your reliable partner for all your chip
and coolant management needs.

Mayfran’s products convey, filter, separate, shred, briquette and process materials and fluids
for the automotive, aerospace, consumer products, energy, steel processing, solid waste, pulp
and paper, medical products, heavy equipment and related industries.

Since September 2012, Mayfran worldwide is part of Japanese Conpany, Tsubakimoto chain
Group, Osaka, Japan.

In the year 2006 the renowned Mayfran international, started its subsidary company as Miven
Mayfran conveyors at Hubli to expand their business through worldwide and with a aim to
reduce transportation cost.

Infrastructure:
Complementing our engineering expertise, the use of advanced manufacturing techniques
helps us produce high quality equipment. Using high precision equipment such as CNC turning
Centre, CNC Vertical milling centre, CNC bending machines, state of the art paint booth etc.
Miven Mayfran is geared to cater to the varying requirements of a demanding market.

At Miven Mayfran, quality is a way of life. An ISO 9001 company, we believe that relentless
pursuit of excellence is the only way to achieve customer delight.

One of our core strengths is 120 plus strong skilled and motivated workforce which being
aligned towards a common vision of growth and customer satisfaction, has executed several
complex projects in record times.

One of the key areas of focus at Miven Mayfran is technology. Our design department uses the
advanced solid edge package for 3D modelling of our equipment. This has led to considerable
shortening of our delivery times and enhanced our output quality.
Name and address of the company Miven Mayfran conveyors Pvt ltd. Sirur
compound Karwar road Hubli-580024.

Telephone number (0836) 2212201-06

Fax (0836) 2303265

Email accounts@mivenmayfran.com

Year of establishment 1987

CEO&MD Mr. Vikram Sirur

Bankers The Sham Rao Vital Cooperative bank ltd,

HUBLI.

Promoter companies a) Miven engineering works, Sirur

compound Karwar road, Hubli

b) Mayfren Limburg B.V P. O31031, 637O,

AA Landgraf, The Netherland HOLLAND

Auditors B.K. RAMADHYANI & CO.,

CHARATERED ACCOUNTANTS
BANGALORE

Main products Conveyors for handling scrap/components

Production capacity 120-130 conveyors per month

Life span of conveyor 10 Years

Quality system ISO 9002 certified by RW TUV Of Essen

Germany

Exports Indian Export

Registration No 08/7869 DATED 21/10/1986

Directors:

The company has 5 directors and no reported key management personnel.

The longest serving director currently on board is Vikram RaghaveshSirur who was appointed
on 21 October, 1986. Vikram RaghaveshSirur has been on the board for more than 36 years.
The most recently appointed director is Franciscus Louis Josephus Hinssen, who was appointed
on 25 April, 2022.

Vikram RaghaveshSirur has the largest number of other directorships with a seat at a total of 9
companies. In total, the company is connected to 9 other companies through its directors.

1. 21st October 1986 Vikram RaghaveshSirur

2. 28th September 2007 Sandeep Sirur

3. 28th August 2019 Alka Vikram Sirur

4. 28th August 2019 Nao Shige Sakai

5. 25th April 2022 Franciscus Louis Josephus Hinssen

 Organizational Structure:

Managing Director

General Manager

Deputy General Manager

Managers

HR Production Planning Sales Design Service Purchase Quality Stores

Man Man Man

Electrical Application Accounts

And

Auto machine
Employee Structure:

1. Employees (Staff) 126

2. Workers (Permanent) 43

3. Retainers 15

4. Housekeeping 10

5. Daily wages 33

6. CIEL HR Service 75

Total 302

Categories of Products Manufactured:

➢ Machine Tools Products

➢ Centralized Systems

➢ Press Scrap and Solid Components/ Slag Handling Conveyors

➢ Material Handling

➢ Other Products

➢ Oil Extraction and Preparatory Stage System

➢ Engineering Service.
 Company’s Mission and Vision

Mission:

“To provide globally highest standards in service, delivery and reliability by identifying and
understanding stakeholder needs and to continually improve upon these for greater stakeholder
comfort.”

Vision:

“To be globally reliably reliable partner in providing solutions to all stakeholders.”

Quality Policy:

“To provide highest standard in service, delivery and product reliability by identifying and
understanding customer needs and to continually improve upon these for greater customer.

Categories of Products Manufactured

• Machine Tools Products

• Centralized Systems

• Press Scrap and Solid Components/ Slag Handling Conveyors

• Material Handling

• Other Products

• Oil Extraction and Preparatory Stage System

• Engineering Service
List clients for machine tool products:

1. Ace designers Ltd., Bangalore.

2. Ashok Leyland Ltd., Chennai, Hosur, Bandra.
3. Bharat Forge Ltd., Pune.
4. BHEL Bhopal, Haridwar.
5. HMT Machine Tools Ltd., Bangalore, Hyderabad.
6. Honda Motor cycle and scooters pvt. Ltd., Rajkot.
7. Indian Railways.
8. Jyoti CNC Automation pvt. Ltd., Rajkot.
9. Lakshmi Machine tools, Coimbatore.
10. Mahindra and Mahindra Ltd., Mumbai
11. Maruti Udyog., Gurgoan.

The Key Vendors dominating this market space are:

• Phoenix Conveyors Belt India Pvt. Ltd

• Forech India Ltd
• Oriental Rubber Industries Ltd
• Somi Conveyor Belting Ltd
Department Description:

1. Marketing Sales/ Services:

This departments conform the order from the customer through sales agents who are
placed in different parts of India like - Mumbai, Chennai, Bangalore and Pune. Or else
sometimes directly send to customers. After negotiating with the customers on technical
aspects like design and materials etc, And also on costs factor like mode of payment
etc. Then the confirmation from the customer is got through order acceptance.

Tools under Marketing Department

• Marketing Research
• Product Development
• Advertising and Product Campaigning
• Business Development

2. Planning:
The activity of this department includes plan and schedule the production of confirmed
orders of customers from Sales or Marketing Department as per the delivery dates
committed in the order acceptance. And also looks after the materials required for the
production and shortage of materials if any. And finally release the required product
drawing to the production department for further proceedings. Follow up with stores,
purchase, sub-contract and assembly regularly for dispatch of conveyors as per
schedule.

Responsibilities are as under:

• Release bill of materials to store indicate due date on bill of material.
• Prepare monthly schedule for manufacturing based on schedule delivery dates
committed to customer and initiated the sales.
• Release work order to the production department.
• Follow up the progress to monthly schedule and give feedback to sales.
Procedure:

1. Release schedule of conveyors to be manufactured during month to production store

sales manufacturing and quality assurance department.
2. Release bill of material manufacturing drawing for processing conveyors to production
schedule.
3. Release consolidation bill of the material to store.
4. Identify the house and sub-contract items.
5. Receive short list of materials with reference to bill of materials from stores.
6. Issue bill of material to the stores.
7. In case of any technical discrepancies accused the same shall be stored out in
consultation as per schedule.
8. Follow up the stores purchase, sub-contract and assembly regularly for dispatch of
conveyors as per schedule.
9. Release drawing for sub-contracting items.

3. Purchase:
This particular department does the work of either purchasing items for production or
sub-contracting the component as per specification /drawings. Based on the availability
of items and capacity to produce the decision is made to procure the materials for
production. Or else it is sub contracted for the vendors who can get it ready at the cost
which is acceptable to the company.

Procedure:
1. Bill of material purchase requisition duly stock position indicated receives from store
departments for procurement sub-contracting.
2. Material purchase requisition is received from individual’s department for non-
productive items and forward to purchase.
3. Vendor’s sub-contract are selected for the vendor’s approved list.
4. Enquires are sent to select 2-3 vendors/ sub contract for quotations.
5. On receipt of are compared and vendors are finalized on delivery payment terms along
with drawings specifications required. In case only one quotation is received have on
the needs either quotation is finalized.
6. Purchase order or work order is received after obtaining authorization.
4. Quality Assurance:
This is the department which does the quality check for the product. In two ways it does
the quality check. One is for those products which are sub contracted and the other one
is for the in-house products. For the contracted products usually, sample supply is taken
and quality check is made before giving approval for bulk order for vendors. And report
is prepared in the name of particular vendor for customer clarification. For the later one
it is Inspection for In Process items. Final inspection (QAF) inspects the products as
per the quality assurance drawings / quality plan. Final inspection prepares a snag list
of the product for the product inspected and displays the list on the product for
corrective action by production.

5. Stores department:
It protects the materials which are stored for production and also the finished goods
which are ready for dispatch. For dispatch able goods the required documents are
attached and the products are packed for dispatch. The packed goods are stored with
necessary markings and taken good care till they are dispatched.

Objectives:
• Adopt FIFO system for self-life items.
• Strive to implement EOQ system for inventory control.

Responsibility:

• Receiving are incoming materials.

• To provide identification for all materials.
• Identifying self-line items.
• Preservation of materials.
• Ensuring good housekeeping.
• Maintaining stock level periodic review.
• Identification of continual improvement areas.
• Purpose and maintain bin-cards.
• Maintaining FIFO system for life items.
 Product Profile

Machine Tool Product

Miven Mayfran offers a wide range of conveyors for handling metal chips generated during
metal cutting operation. Built to the renowned Mayfran standards, these conveyors effectively
handle a variety of metal chips &dash long, short, curly, bushy, broken etc. and a variety of
metals such as steel, cast iron, aluminium, brass etc. These conveyors are custom built to suit
machine tool and the application for which they are intended to be used and they help keep
uptime of your expensive, highly productive machine tool by continuously removing metal
chips from the machine. Hinge Belt, Scraper, Magnetic Plain Sheet, Screw and Coil are types
of conveyors that are used for machine tool application.

Categories Under: Machine Tool Product

Chip Conveyors for Machine Tools:

MivenMayfran Hinge Belt Conveyors use a hinged steel belt moving inside a metal casing to
effectively remove metal chips. These conveyors are designed to handle long, curly, bushy
chips - dry, wet or hot that are generated during turning, boring, drilling and other similar metal
cutting operations. These conveyors come in four basic profiles - Straight (Style A), Inclined
(Style B), Straight & Inclined (Style C) and Goose Neck (Style D). The hinge belt surface can
be plain, perforated or dimpled in accordance with application requirement. Types: MT10,
CT7, 4" PITCH.

Chip and Coolant Separators, Filters:

In machine cutting operations where a large quantity of coolant is used, a chip conveyor alone
cannot be effective. the used coolant is required to be continuously cleaned of metal particles
so that it can be re-circulated. mayfran's concept 1000, concept 2000, aluminium separator
conveyor and magnetic roller separator conveyor are proven equipment’s.
CENTRALISED SYSTEMS:

when the amount of chips and coolant to be processed is large, centralized systems are a more
economical option. specially in cases where the process parameters don’t change/minimally
change, centralized systems add immense value due to the inherent ability of achieving a high
level of automation.

Categories Under: Centralized Systems:

A) Chip processing system:

Products Under: Chip Processing Systems:

a) Chip Crusher:

Based on the type of chips and application, Miven Mayfran offers a versatile product range
of chip crushers to suit individual needs

Crushing of chips has some significant advantages:

i. Size reduction of swarf for subsequent centrifugation (drying of chips) and recovery
the coolant from the chips.
ii. Size reduction of chips for handling in over the floor-mounted.
iii. Return pump systems for the transport of chips and coolant.
iv. Size reduction of the chips to feed them into briquetting presses.

Miven Mayfran crushers can run in automatic mode and are easy to service and repair due
to over-dimensioning of bearings, shafts and couplings and this in turn ensures an extended
lifetime of the equipment.

The Chip Crusher models offered are:

A) TA crusher-suited for small quantities.

B) MA crusher-suited for pump-stations for chip and coolant.

C) MSA crusher-for large clusters of hard and brittle swarf.

D) SG crusher-for intermittent (batch) supply of chips.

b) RECLAMET 3000:

Wet chips coming out of the machine have to be properly dried before storage to ensure
prevention of soil pollution by the coolant. An additional benefit is that expensive coolant can
be reclaimed resulting in enormous cost savings. With more stringent pollution control laws
being implemented, the Reclamet-3000 is best suited to cater to your chip processing needs by
enhancing coolant lifetime which ensuring compliance with the environmental regulations. The
Reclamet-3000 is an integrated turnkey solution with a shredder, tramp-material separation,
swarf de-oiling and pneumatic conveying of dried swarf compact assembly.

c) VBU:

Present day machining practices make use of expensive oils which, without processing would
result in a substantial increase in the cost factor, not to mention the increased threat to the
environment. The VBU-200 helps recover this expensive oil which can be reused either directly
or after filtration depending on the machining activity. The relatively dry chips produced as a
result fetch a much higher value during sale.
 a) Vacuum Based Paper Media Filter – ECONOVAC:

This filter works on the principle of suction of coolant through the filter media. Once a filter
cake is formed on the surface of the media, a vacuum is created which triggers the indexing of
the filter media. Advanced engineering and manufacturing techniques ensure that the vacuum
seals are maintained intact.

b) Vacuum Based Permanent Media Filter – PERMAFLOW:

The filtration takes place through the cake formed on an indexing drum. The indexing and
backflushing mechanisms ensure an uninterrupted flow of clean coolant and this in turn does
away with the requirement of a clean coolant tank.

Perma-Flow offers complete versatility in liquid-solids separation, with units available from
3.5 square feet up to 140 square feet for a custom match to your application.
B) Chip and Coolant Transportation Systems:
When the length of a single unit exceeds 25 to 30 m, operating costs of a push bar
conveyor are lower than any other conveyor of the same capacity. The maximum length
is 150 m. this conveyor also solves conventional problems such as winding of pusher
rods as well as widely improves the conveyance distance and wear resistance. This cost-
effective equipment is Mayfran’s high efficiency designed product which offers
medium distance conveyance of long and short chips with high volume coolant. It is
the ideal choice for a central conveyor.

a) Chip and Coolant Transportation Systems:

• Flexible shop layout as the machine location is not tied to coolant trenches.
• Lower risk of pollution because of closed loop system.
• Reduced operating cost due to lower system requirements.
• Easy access for maintenance.
Strengths:

1. It has a vast pool of technology. technology helps us to reach the business objectives.
The technologies such as internet connection, modern machineries, new techniques in
production process.
2. The company has a qualified manpower. The workers are given a training programme
to enhance their skills and efficiency. Qualified Employees are the assets of the
company.
3. In Hr department the qualification should be MBA In HR, in production department the
qualification should be in technical field, The workers in manufacturing process, their
qualification should be SSLC.
4. The company has a good manufacturing facility which helps for the smooth functioning
of business activities.
5. Improved infrastructure. The infrastructure consists of 4 manufacturing units and 5
offices which consists of AC’s.
6. It has capable market personnel.
7. It has sales executive in most of the states.
8. The company has nearly 30 years of experience in designing and manufacturing of
conveyors.
9. Total in house production is a major strength.
Weakness:

1. There is no financial controller, the appropriate financial manager is absent which leads
to misuse and misappropriation of funds.
2. Unable to satisfy the needs of workers, this might make them to leave the organisation.
Due High cost of production, they are unable to satisfy the workers.

Opportunities:

1. There is large capacity for manufacturing activities. There are 4 manufacturing units.
2. There is attractive outsourcing, the company hires a party outside a company to perform
the activities. The outsourcing for freshers is done which increases employment
opportunities.
3. There is good destination. The company has the specified objectives, vision, mission,
which need to be achieved in a specified period.
4. Diversification of the product line.
5. Untapped global market.

Threats:

1. There are unfriendly government policies. Some of the policies made by the
government are unfriendly to the smooth functioning of the organisation.
2. Competitive neighbouring countries, the neighbouring provide tough competition to the
organisation.
3. Fluctuating economic environment.