The Demand for Wire Rope has been “Fairly Decent” in International Markets, Rajeev Jhawar Usha Martin

Rajeev Jhawar, the son of Brij Jhawar, is the managing director of Usha Martin Limited since May 19, 2008. Established in the year 1960, Usha Martin is a multi-unit and multi-product organization in the wire rope business. Usha Martin is one of the world’s leading manufacturers of wire rope. Rajeev Jhawar is also the Director of Neutral Publishing House Ltd. He is also a Member of The Institute of Chartered Accountants of India and Member of The Institute of Cost & Works Accountants of India and on the board of 17 other companies.

Rajeev Jhawar Usha Martin Limited’s wire rope business manufactures wire, strands, LRPC and wire ropes, which cater to various industries, including steel, infrastructure, construction and auto. “The demand from construction, auto and oil sectors is down. Our plant is currently operating at 50-55 per cent of the installed capacity. The export demand is, however, good and the rupee depreciation is supporting us”, Rajeev Jhawar quoted on the demand of UML’s products.