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Latest News

  • 171

    Ending six months of uncertainty, lenders have approved the resolution proposal of JK Paper one of India’s largest paper producers, to revive Sirpur Paper Mills, one of Telangana’s large manufacturing facilities from the Nizam era that the state government was attempting to revive through tailor-made incentives and subsidies.

    JK Paper has submitted a resolution plan involving a total outlay of Rs 782 crore, which includes settlingdues of Rs 371 crore against claims of around Rs 674 crore. Further, the resolution applicant has also proposed investments of Rs 400 crore to expand the capacities of Sirpur Paper in two phases.

    A person close to the development told that the Resolution Professional has placed the developments before the National Company Law Tribunal’s (NCLT)Hyderabad bench on Tuesday, along with the approval of Committee of Creditors (CoC) for the plan of JK Paper.

    Tue, 28/08/2018
  • 170

    The tried-and-tested Metris OPP system (OPP: Optimization of Process Performance) from ANDRITZ, which has been used successfully in reference plants all around the world, will be used here.

    The tried-and-tested Metris OPP system (OPP: Optimization of Process Performance) from ANDRITZ, which has been used successfully in reference plants all around the world, will be used here. Metris OPP is an IIoT system developed by ANDRITZ and comprises a range of digitally supported tools based on big data analysis to improve industrial processes. The system has been modernized continuously in recent years, and new tools such as artificial intelligence, apps, and so on, have been added.

    More than 50 international groups are already working with Metris OPP successfully, many of which only began using it in the past two years. The overall net benefit generated by these companies so far with Metris OPP amounts to over 150 million euros. The OPP system, which is used above all in pulp and paper production, detects anomalies and deviations at an early stage by analyzing production data. As a result, countermeasures can be implemented in good time, guaranteeing reliable production and also optimizing operations, including the use of resources.          

    Tue, 28/08/2018
  • 168

    India will continue to be the fastest  growing market for luxury writing instruments and accessories maker Montblanc

    India will continue to be the fastest growing market for luxury writing instruments and accessories maker Montblanc, according to its chief executive, Nicolas Baretzki. Despite challenges in locating premium real estate in tier 2 cities for expansion, Montblanc’s sales in smaller towns have been growing through its joint venture with Indian watchmaker Titan and new ecommerce channels, Baretzki said on the sidelines of a store launch in the city.

    The German luxury maison has 10 boutiques in the country and plans to open five new stores every year for the next three years, Baretzki said. “Boutiques in tier 2 and 3 cities, and the new network through the ecommerce platform will keep India at the top in terms of percentage growth,” Baretzki said. “It will definitely be much faster than any other mature market with large coverage where the growth is more on a like-for-like basis.”

    Mon, 27/08/2018
  • 169

    During face-to-face meetings with state legislators at the State House in Boston, AF&PA and member company representatives will advocate for common-sense public  policy that will help Massachusetts companies grow the economy and create jobs.

    During face-to-face meetings with state legislators at the State House in Boston, AF&PA and member company representatives will advocate for common-sense public  policy that will help Massachusetts companies grow the economy and create jobs.

    “More than 125 pulp, paper and packaging manufacturers and mill facilities across the Commonwealth of Massachusetts provide familywage jobs to more than 12,000 men and women; impressive numbers that deserve to increase,” said Harman.

    “Legislation that supports effective recovery of paper and paper-based packaging, fair treatment of paper bags and sound energy policy will go a long way toward helping Massachusetts companies achieve that goal. AF&PA thanks lawmakers for keeping that conversation moving forward and encourages lawmakers to work with local industry to advance common sense public policies that will support economic growth and job creation in the Bay State.”

    Mon, 27/08/2018
  • 205

    Xerox (NYSE: XRX) Vice Chairman and CEO John Visentin sent a letter to Fujifilm Chairman Shigetaka Komori responding to the lawsuit filed by Fujifilm.

    “Fujifilm should realize that the internal accounting issues at Fuji Xerox were a result of their mismanagement, which made it impossible to close the announced transaction” said Visentin. “We cannot stand by and let them further harm our iconic brand. The lawsuit is nothing more than a desperate and misguided negotiating ploy to save their takeover attempt, which to this day remains enjoined by order of the New York State Supreme Court, and could take our focus away from serving our customers.”

    About Xerox

    Xerox Corporation is a technology leader that innovates the way the world communicates, connects and works. We understand what’s at the heart of sharing information – and all of the forms it can take. We embrace the integration of paper and digital, the increasing requirement for mobility, and the need for seamless integration between work and personal worlds.

    Sat, 18/08/2018
  • 206

    Konica Minolta Business Solutions has announced the launch of the powerful bizhub658e/558e/458e black and white multifunction printer in India. The development marks yet another stellar addition to Konica Minolta’s extensive portfolio of office printing solutions in the country and further strengthens its offering in the demanding office work-group MFP segment.

    What sets Konica Minolta bizhub 658e/558e/458e apart is its focus on enabling superlative productivity, operability, collaboration, and multi-functionality. It’s robust design and paper handling capability enables reliable performance at 65 to 45 prints per minute.

    Equipped with a large-capacity, high-speed Dual Scan Document Feeder (DSDF). The bizhub  658e_558e_458e ensures the highest document feeding speed (240 ipm – Duplex) and precision in its class of A3 monochrome devices. This high-speed precision scanning when combined with “collaboration solutions” creates new value for customers in automating their workflows.

    Sat, 18/08/2018
  • 203

    The new MB240 series is designed to fit alongside TSC’s bigger industrial printer models including the MH240 and MX240P series.

    Recently, TSC launched the entry-level industrial printer series MB240 in India.  As stated by the company, the printer boasts of a small footprint, compact design and quiet operation making it a perfect solution for light industrial printing applications. The new MB240 series is designed to fit alongside TSC’s bigger industrial printer models including the MH240 and MX240P series.

    The MB240 series features a 3.5-inch color touch display and bright indicators which, as TCS claims, will allow for simple operation. The printer comes with various interfaces including 802.11 a/b/g/n wireless, Ethernet, Bluetooth, USB, USB host and serial connections. Options including regular cutter, peel & present with internal rewind, and a general-purpose input/output (GPIO) interface allow the printer to be integrated into numerous application.

    Sat, 18/08/2018
  • 204

    Tata ClassEdge, a leading provider of technology-based learning solutions, has introduced a new supplementary course on adolescence education for students from Class 8. 

    Puberty is a time of emotional stress and confusion, and children feel uncomfortable discussing certain topics. As a pioneering effort, Tata ClassEdge has introduced this course on Adolescence Education with an intention to create a safe environment for students to discuss and clarify questions.

    Says Nilima Achwal, Founder of iEsha Learning, ''I developed India's first fun, interactive, and easy-to-use toolkit for adolescent and gender education for adolescent students. This program does more than just teach concepts like menstruation, puberty, and consent - it breaks taboos and creates a positive and happy attitude forchildren around their bodies, as well as a respectful, empathetic, and caring environment in the classroom. After implementing this program, teachers see a tremendous increase in self-confidence, kindness, and empowerment and a significant decrease in bullying and disrespectful behavior among students.''

     

    Sat, 18/08/2018
  • 202

    Epson, a leader in digital imaging and printing solutions, has launched the new SureColor F2130 Direct-to-Garment (DTG) printer. 

    Designed exclusively for direct-to-garment printing, the Epson SureColor F2130 offers a purpose-built system for high-quality prints at production speeds. Users can print and dispatch completed garments in as fast as 27 seconds. Developed using the latest advancements in performance imaging, including Epson PrecisionCore TFP printhead and Epson UltraChrome DG garment ink technology, the Epson SureColor F2130 achieves up to twice the speeds of previous generation DTG printers. 

    The SC-F2130 is suited for small to medium businesses who want to add direct-to-garment printing to their services, such as production t-shirt printers, online t-shirt retailers, high and low-volume print companies, as well as corporates who want to produce their own branded workwear or promotional items. The new SureColor F2130 DTG printer has an enhanced design and improved usability, enabling faster turnaround time for print jobs and better productivity for the business. 

     

    Fri, 17/08/2018
  • 183

    A state of the art manufacturing plant of Pidilite Lanka (Private) Limited was formally commissioned at Polgahawela in Sri Lanka’s North Western Province on July 10.

    This opening was attended by his Taranjit Singh Sandhu – India’s High Commissioner in Sri Lanka, Bharat Puri – Managing Director of Pidilite Industries, Rohan De Silva – Chairman of McLarens Group, and many other dignitaries.

    Commenting on the opening of this new plant, Mr. Bharat Puri, Managing Director of Pidilite Industries said, “Pidilite’s exciting journey in Sri Lanka began 11 years ago. This investment is a testament to our commitment to the Sri Lanka market. Located on an expanse of four acres, this zero-discharge plant will initially manufacture adhesives, under the household brand Fevicol® and enhance availability of our range across industries.

    Director of Pidilite Lanka, Mrs. Ramani Ponnambalam added, “This plant will contribute significantly to import substitution and also provide employment opportunities in this region.

     

    Pidilite’s well-known brands in Sri Lanka include FEVICOL, the high-performance range of adhesives and Dr. FIXIT, an advanced range of waterproofing solution for healthy homes.

    In 2015, Pidilite Lanka acquired Chemifix, Sri Lanka’s leading white adhesive brand in wood working, stationery and industrial segments.

    These brands reflect the company’s objective to become an even more customer-centric and performance oriented organisation in Sri Lanka.

    Pidilite Lanka (Private) Limited is a joint venture established in 2015 between Pidilite Industries Limited, one of Asia’s leading adhesive and construction chemical companies, and Macbertan Holdings, a strategic alliance of Macbertan Pvt Ltd., McLarens Holdings Limited and Alliance Finance Company Ltd. Macbertan had been Pidilite’s exclusive distributor in Sri Lanka since 2007 until Pidilite Lanka (Private) Limited was formed in 2015.

     

    Fri, 17/08/2018

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