![]() Financial Daily from THE HINDU group of publications Monday, Dec 26, 2005 |
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Corporate
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Standards & Benchmarks Premier Evolvics develops camera-based inspection system G. Gurumurthy
Coimbatore , Dec 25 THE presence of a tiny fibre in the cough syrup you are about to gulp may turn your stomach alright, but it is sure to send fears down the spines on losing business for the pharmaceutical manufacturer. The hairline crack on inner linings of high-precision piston rings that escapes physical screening by the shop floor quality inspection team could threaten cancellation of orders for auto components. To solve such problems, `Third I', a camera-based `machine-vision' system, has been developed by the Coimbatore-based Premier Evolvics, a member of the Premier Mills group. It can detect contamination of products and defective engineered goods however intricate the design. The machine-vision system of quality inspection has been so versatile that it detects any surface defects, dimensional variations including colour band or wrong assembling of products, or missing labels on the engineered products at the finishing lines. "The general perception of large pool of labour available in the country and their cost being cheaper would be a misnomer in the sense that the continuous monitoring for quality checks in a large production line would be difficult and there is also limitation to the efficiency of the human eyes capable of inspecting 100 per cent of the products processed. The camera-assisted machine-vision gives fail-proof inspection results without slowing down the production," said Mr K. Srinivasan, Vice-President (Marketing). The value addition the system brings to businesses is increase in productivity, combined with improved quality of inspection and profitability. The other advantages are generation of inspection reports and decrease in number of customer returns. Premier Evolvics is eyeing automobile and auto ancillary industries, food and beverages and pharmaceuticals as the key areas where machine-vision system could be increasingly deployed. "With booming engineering industry, especially the automobile sector in the country, we think we have made an entry into this specialised area of manufacture at right time," a company official said. With nearly 60 per cent of Premier Evolvics' revenue coming from exports of its textile testing equipment, the company is also hoping to go global in marketing machine vision system too. "Right now, the contribution of machine-vision systems to our company's sale income for the current fiscal is less than 10 per cent, as this year would be the first full financial year since the product was launched. But we hope the new product would account for 15 per cent of our sale income during 2006-07 and 25 per cent in the third year," said Mr Srinivasan. Premier Evolvics has invested around Rs 5 crore in this new product venture.
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