Industrial equipment fabrication (process equipment fabrication) is the most complex of the three — structural, commercial, & industrial — and is used primarily to develop industrial machinery. Industrial fabrication operation is mostly customized in nature. Equipments & machineries manufactured through industrial fabrication include boilers, storage tanks, heat exchangers, columns, and towers etc, collectively called as process plant equipments.These process plant equipments are widely used in petrochemical plants, oil & gas refinery,metal industry, cement plants, pulp & paper manufacturing plants etc. Indian market forprocess plant equipment is estimated to be worth INR 241 Bn, approximately 8.6% of thetotal capital goods industry. The present slowdown in industrial activity which have resulted in a drop in capital investment have impacted process plant equipment manufacturing sector.
Metal fabncation involves converting raw metal sheet / coil / plate into an intermediate /semi -finished products through a series of processes including cutting, bending and assembling. Fabrication has emerged as one of the most preferred metal working process,and is used to manufacturing a wide range of products. Design / specifications of the product to be fabricated is provided by the customer, and a fabrication companies major focus is only on the operational part of executing the fabrication work as per the supplied designs.Depending upon the end product a wide range of metals — both common as well as exotic are used for fabrication. Metal products manufactured through fabrication are broadly divided into three . Industrial, Commercial, and Structural. Demand for fabrication of components used in heavy equipments depends on the level of capacity expansion happening in industrial sector. New projects in industrial sector which drives demand for capital goods is the major factor behind the growth of companies involved in fabrication of components used in heavy equipments. Among heavy equipment manufacturer's process plant equipment manufacturers is one of the major consumers of fabricated metal products.