Technocraft announced the launch of MACH ONE Formwork System, which is a huge addition to the MACH range of scaffolding and formwork system. MACH ONE formwork system enables construction of monolithic reinforced concrete columns, slabs, beams, stairways and walls. It offers safe, fast and easy solution for the forming of repeated floor plans, either horizontally (row houses) or vertically (multi-storey apartment buildings).
Monolithic formwork system has gained immense popularity in India due to its ease of erection and fast cycle times. The formwork erection is very simple and can be done by semi-skilled workers. The components are lightweight and assembly is simple. The formwork is largely hand held and does not need the services of a crane for movement either vertically or horizontally. The drop head system enables early slab formwork removal, reducing the quantity of material required at construction site.
The MÄCH ONE formwork system from Technocraft would enable speeding construction of complex structures in a safe and economical manner.
Announcing this on the sidelines of Bauma Conexpo, one of the largest construction industry events in India, Shri Navneet Saraf, Director, Technocraft Industries India Ltd. said, "Our Scaffolding and Formworks solutions have earned enviable reputation in some of the most demanding markets worldwide. We are now launching the MACH ONE range of Scaffolding and Formworks solutions incorporating the same high standards of quality for the Indian market. The brand name MACH has become synonymous with quality and dependability in Scaffolding and Formworks solutions. Our new MACH ONE range incorporates the world's best-in-class technology and quality and would be ideal for construction of a wide range of monolithic reinforced concrete structure."
In 2016, Technocraft launched its MÄCH brand of formwork products, which has gained immense popularity amongst the construction companies. Its formwork products are used in all large commercial construction projects like malls, hotels, residential towers and our unique drop head technology enables large number of repetitions, low slab cycles, high labour utilization and increased construction quality coupled with high safety.
Technocraft's scaffolding and formwork division is the world leader in manufacture of precision engineered scaffolding and formwork systems used in over 25 countries across the world in applications ranging from commercial, industrial, infrastructure and events. The Company's products are manufactured at its factories in India and China and sold worldwide through Technocraft's extensive distribution network.
Technocraft has pioneered the use of formwork in India's building and infrastructure construction market over the last decade by launching various innovative products and services that have revolutionalised the Indian construction industry. Its infrastructure formwork solutions have powered all the major metro construction projects across India.
Shares of TECHNOCRAFT INDUSTRIES (INDIA) LTD. was last trading in BSE at Rs.566 as compared to the previous close of Rs. 562. The total number of shares traded during the day was 44 in over 6 trades.
The stock hit an intraday high of Rs. 570.4 and intraday low of 565. The net turnover during the day was Rs. 24988.