Applications of system formworks are evolving rapidly in the latest construction projects.

Vikas Kumar Mittal, Managing Director, Nova Formworks

How was the demand trend of system formworks last year? Which segments were driving the demand?

In recent years, the demand for system formworks has been driven by several factors, including an increase in construction activities worldwide and the adoption of advanced and innovative construction techniques. In the past year (2022-23), the COVID-19 pandemic has also influenced the demand trend for formworks.

During the pandemic, the construction industry faced several challenges due to the implementation of lockdowns and restrictions in many countries, leading to a slowdown in construction activities. However, as the economy reopened and construction activities resumed, the demand for system formworks has increased.

In terms of segments that drive the demand for system formworks, this can vary depending on the region and specific market conditions. In general, the construction of high-rise buildings, bridges, tunnels, and infrastructure projects is the primary driver of demand for system formworks. Additionally, the adoption of new modular system formwork such as plastic and aluminium has also increased the demand for specialized formwork solutions.

Overall, the demand for system formworks has been steady in recent years, and it is expected to continue to grow exponentially in the coming years, driven by the global construction industry's growth and the adoption of new construction techniques.

How are the applications of system formworks evolving in the latest construction projects in bridges, buildings and other structures?

The applications of system formworks are evolving rapidly in the latest construction projects, driven by technological advancements and the need for more efficient and cost-effective construction methods. Here are some examples of how system formworks are evolving in different construction projects:

Bridges: In bridge construction, formworks are used to create the concrete decks, piers, and abutments that support the bridge structure. Traditional formwork systems, such as timber or steel, have been used for decades. However, in recent years, there has been a growing trend towards using modular formwork systems made from advanced materials such as plastic, which are lighter, more durable, and easier to handle. These modular formwork systems can be quickly assembled and disassembled, reducing construction time and costs.

Buildings: In building construction, system formworks are used to create the concrete slabs, columns, walls, and other structural components of the building. Modern construction techniques such as precast concrete and modular construction have increased the demand for specialized formwork solutions. For example, precast concrete panels can be manufactured offsite and transported to the construction site, where they can be quickly assembled using specialized formwork systems.

Other structures: System formworks are also used in the construction of other structures, such as tunnels, dams, and power plants. In these projects, specialized formwork systems are used to create complex shapes and structures that are often required to withstand extreme weather conditions or seismic events. For example, in tunnel construction, formworks are used to create the tunnel lining, which protects the tunnel from soil and water pressure.

Overall, the applications of system formworks are evolving to meet the demands of modern construction projects. Advanced materials and modular systems are making construction faster, safer, and more cost-effective. As technology continues to evolve, it is likely that we will see further advancements in scaffoldings and formworks that enable even more efficient and innovative construction methods.

What are the major features of your products?

Strength and durability: Nova Formwork products are designed to withstand the weight of wet concrete and the pressure of workers and equipment. They are strong and durable enough to support the construction process safely and efficiently. They can be reused more than 100 times.

Versatility: Our formworks and scaffolding products are used in a variety of construction projects, from bridges to buildings, and must be versatile enough to adapt to different shapes and sizes. They can also be designed to be adjustable or customizable to accommodate different site conditions.

Lightweight: Our formwork system is made from lightweight materials, such as plastic compound, aluminium or composite materials, which make them easier to transport, assemble, and disassemble on site.

Easy to assemble and disassemble: Nova Formwork system is easy to assemble and disassemble and does not require skilled labour to do the same. This also helps to reduce construction time and costs.

Safety: Safety is a critical feature of any formwork or scaffolding product. They must be designed to provide a safe working environment for workers, and many products come equipped with safety features such as guardrails, safety nets, or non-slip surfaces.

Sustainability: Our products are designed with sustainability in mind. They are made from materials that are recyclable or have a long lifespan, reducing waste and environmental impact.

How do you cater to the changing customer needs with the project size and designs are changing?

Customization: We offer customized solutions for specific project requirements. This may involve developing formwork and scaffolding products that are tailored to meet the needs of a particular project design or size.

Innovation: We invest in research & development to stay ahead of the curve in terms of new materials, technologies, and processes. This can allow them to offer products that are more efficient, cost-effective, and sustainable.

Flexibility: We offer flexible solutions that can adapt to changing project requirements. This may involve providing modular systems that can be easily assembled and disassembled to accommodate different site conditions or project designs.

Training and support: We provide training and support to their customers to help them optimize their use of formwork and scaffolding products. This can include on-site training for workers, as well as technical support to help customers troubleshoot any issues they encounter during the construction process.

Customer feedback: We gather feedback from the customers to identify areas where they can improve their products and services. This can involve conducting surveys, focus groups, or other forms of market research to gain insight into customer needs and preferences.

How do you look at the future market opportunities for your products and solutions? What are your expansion plans?

Market research: Conducting market research to identify new trends, opportunities, and challenges can help companies to understand the evolving needs of their customers and stay ahead of the competition. This can include analyzing industry reports, studying customer behaviour, and tracking emerging technologies.

Product development: Investing in research & development can help companies to develop new products and solutions that meet the changing needs of their customers. This can include developing new materials, designs, or technologies that improve the efficiency, safety, and sustainability of formwork and scaffolding products.

Geographic expansion: Expanding into new geographic markets can help companies to diversify their revenue streams and tap into new customer bases. This can involve setting up new sales channels or distribution networks in regions where demand for formwork and scaffolding products is high.

Strategic alliances: Companies can form strategic alliances with other players in the industry to leverage each other's strengths and resources. This can involve forming joint ventures, sharing technology or knowledge, or collaborating on research & development.

By evaluating market opportunities, investing in product development, forming partnerships, expanding into new geographic markets, and forming strategic alliances, companies in the formwork and scaffolding industry can position themselves for future growth and success.

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