Sunday, April 30, 2017

Industry: Biotechnology in Nascent Stage

The industry defers from conventional pharmaceuticals is in the use of natural materials for composition of drugs, fmcg and household utilities.  The drugs are manufactured in a living ecosystem comprising of microorganisms, plants and even cells.

Laborious research, innovation are the key factors in reaching the pinnacle that spells success. Since new discoveries of drugs (biopharmaceuticals) and products fuel the demand leading to growth and gains.  Nevertheless the industry being in a nascent stage the market is volatile at times discouraging investors and stakeholders.  The products are expensive and hence invite regulatory pricing at times from the governing bodies bent upon providing cheap medical care to their citizens.  

In order to reach the market the products must pass strict regulatory mechanism comprising of tests and trials. Amny drugs find it difficult to pass through clinical trial stage costing the concerns hefty amount.   

In India the industry has picked up pace and experiencing high YoY growth. India has high number USFDA approved plants. The acronym stands for US Food & Drug Administration a body that regulates edibles and drugs among others.   

India is emerging as the top base in clinical trail and research segment. The country has an advantage in necessary skills,  infrastructure, cost effectiveness and developed R&D base. Though it has a marginal share in the contemporary global biotech industry the projected growth is promising.   

Structural Steel - Product Reuse & Recycling

Structural Steel is used in construction with added advantage over tradition construction methods. This form of construction is gaining ground day by day as fabrication industry advances. The new technology uses lightweight structural steel to fabricate building parts. These parts are made in units and not at construction. Eventually they are installed at the construction fitted at suitable junctures on the building being built.    

Product Re-use

This is one of the greatest advantage of lightweight steel. At the end of its life it can be reused as new product in buildings under construction.  In case of re use no processing is involved.  The steel structures are reused more in some sectors than the others.   

The discouraging factors are lack of standardization, difficulty in assessment of composition and quality after end life dismantling from its earlier incarnation.   

Design for reuse

Use bolted connections this allows easy dismantling 
Provide easy access to connections 
Keep the steel  free from coatings or coverings for proper visual assessment. 
Minimise the use of fixings to structural steel use clamped fittings.
Use long-span beams

The recycling and reuse enable reduction of adverse impact on the environment with added cost benefit. Steel being hundred percent recyclable and a high end recovery rate has to be kept that way.

Scrap recycling is also on the increase as an eco friendly practice.  During prefabrication raw material waste does occur but this can be easily collected and recycled.   

The two aspects combined are leading the World to a more sustainable development.  

Factors That Influence Steel Price

Understanding the factors that play an important role in pricing and production is necessary for those in fabrication industry.  The industry uses many types of metals derived from steel. Like any other raw material used in fabrication and manufacturing a number of factors are influential.   
The factors affecting may not necessarily be local but nowadays global impacts are applicable to nearly all industries. Hence some of these are: 

OIL Prices  


Oil prices govern all industries that are energy dependant directly or indirectly. More so the effect could be indirect because alternate energy production in a way is linked to oil prices. The fossil fuel is required during the production of steel hence high price means high cost of production.     



Demand 



Both local and international steel demands affect the selling prices. It is a competitive industry and high or low demand has a definite impact on the sales.   



Construction  



Steel in one form or other is required by the construction industry. Hence the demand for the raw material is directly in proportion to the construction activity. In recent times this industry is experiencing a boom in US and many other countries of the World. 


New methodologies like fabrication of light weight steel to make building parts has further the demand. World over the steel fabrication business is on the rise. This is due to cost reduction and long term benefits of lightweight steel fabrication. Quick installation is another virtue due to which this technology is gaining grounds.