Leading Mid-Corporates of India 2022

11 Experts' View Leading Mid-Corporates of India 2022 Tell us more about your company and its business... Foseco is acknowledged as a world leader in the supply of foundry consumable products for use in the foundry industry with a presence in 32 countries and major facilities in Germany, USA, UK, Brazil, China, India, South Korea and Japan. Foseco India Limited is part of Vesuvius plc, a British engineered ceramics company headquartered in London with a rich history of more than 100 years. FOSECO as the name stands originates from the term FO undry SE rvice CO mpany. Foseco India Limited – a debt free company; is acknowledged as the only company in the country that possesses the capability of offering the widest range of solutions for producing casting of the highest standards. The company caters to foundries making castings for various industries and for various metals with the core strategy of solution partnering. Foseco India Limited Prasad Chavare Managing Director and CEO What are some of the key products / services offered by the company? Foseco has established a track record for product and process innovations for the foundry industry since the beginning. These include exothermic and insulating feeding systems, filtration of liquid alloys, direct pour technology, solidification simulation software, non-ferrous metal treatment and degassing systems, metal stream inoculation, advanced coatings, environmentally friendly binders, insulating ladle lining systems and energy saving crucibles Our solutions and services allow our customers to manufacture thinner, lighter and higher-performance castings, reducing the environmental footprint of their own customers’ products. What are some of the innovations introduced by your company? Innovation it's in our DNA. Our new tag line “Think beyond. Shape the future” reinforces our position as an innovative and sustainable partner within the foundry. By thinking beyond, we’re shaping the future by delivering solutions that will increase our customer’s efficiency, enhance quality, improve safety and reduce environmental impact. At Foseco, it’s our role to help our customers make these industrial processes more efficient, safe and sustainable than ever before. Sustainability is at heart of our company with our goal to become net zero by 2050. Research and development have also been a key part of Foseco’ s historic success and growth. In the recent years, we have introduced 10 new products in Ferrous and Non-Ferrous markets and our new product pipeline is robust. Some of our latest innovations include: Insta Coatings: Classic example which was developed indigenously. The product not only saves costs but also improves process consistently, reducing inventory and above elimination of hazardous waste of plastic buckets from our customer premises. FLUSSUM Range of fluxes: Created value for an adjacency market of Aluminum Cast House, through innovation. The solution saves at least 20% of loss of metal in the dross. MINI HDU 200: Working further in line with our commitment to Sustainability, eliminated the use of hazardous chemicals and improved the reach of our core technology strengths through innovation with our channel business catering to small foundries. DIAMANT Long Life Degassing Consumables: longer life than traditional machined graphite, these isopressed refractory parts offer greater value to the customer and reduce waste. In addition to our Products and Services, we are also in the process of having our own retail store to cater to the needs of small and micro foundries in India. This will enable us to be one step closer to our customers and meet all their requirements. Dun & Bradstreet