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Latest News

  • 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
  • 200

    It has been sometime we’ve not talked about our industry Tuli Paper Mill. The mill has been defunct for some years now, and I feel that we, as citizens of Nagaland have a right, as well as a duty to know the status about it. The Government of India has time and again been trying to revive the Mill in words and deeds. As per the new DPR the Government of India has approved to sanction amount of Rs. 679 Cr. out of which an amount of Rs.100 Crore has already been released for its speedy revival on 19.09.2013. 

     

    The Nagaland Pulp & Paper Company Limited (NPPCL) reportedly has received only Rs. 33 Crore from the above amount and though with limited fund, the NPPCL has been trying to uplift the mill by machinery maintenance, renovation of the building and so on. The old rusted machines are being sold out on scraps to release them with new ones. The rehabilitation works is being suspended since 2015. It is pertinent to state here that the salary of its employees are still pending, forget about other service benefits. In such a scenario, I feel that we have a right to know when the funds are being released and to whom the funds are being pumped in.

     

    Fri, 17/08/2018
  • 199

    On the exports front, TNPL said it shipped 80,784 metric tonnes of printing and writing paper in 2017-18 to 37 countries.

    The board of State government owned-Tamil Nadu Newsprint and Papers Ltd (TNPL) has given its approval for taking up mill expansion plan at Tiruchirapalli unit at a total investment of Rs. 25.2 billion.

    “The Board has accorded approval for the implementation of its Mill Expansion Plan at Unit II in a phased manner with pulp mill capacity of 400 TPD and 1,65,000 MT of printing and writing paper with a total capital outlay of Rs 25.2 billion,” the company said in a regulatory filing.

    For the year 2017, the total paper production was 353,000 tonnes, board production was at 141,000 tonnes, the company said in its policy note tabled recently.

     

     

    Sun, 12/08/2018
  • 201

    Printing on the go from whatever device one carries or wherever they are is likely to become a reality with HP Inc planning to launch its ‘HP Roam’ offerings in India sometime next year. HP Roam, a cloud-based, cross-platform, locale- and device-agnostic solution, has the potential to replace dedicated PC print drivers that need to be installed and maintained on users’ PCs and network print servers. 

     

    Users select the HP Roam option rather than a specific printer; and the job gets uploaded on the cloud, sources say. The US-based tech major has already introduced HP Roam in select geographies.

    According to Subin Joseph, Vice-President, A3 & Office Printing Solutions, Asia Pacific and Japan, the idea is to enable and offer “print on demand solutions” . “The product will be launched in the Asia Pacific region and Japan region shortly; and in India it will be a 2019 launch,” he told during an interview. Price and other details are yet to be announced.

    Sun, 05/08/2018
  • 208

    3M reports that sales in its Consumer division were up 4.6 percent in the second quarter. Sales grew in home improvement, stationery and office, and home care. Sales increased in the U.S., Latin America/Canada, and Asia Pacific.

    However, sales in EMEA declined. “3M had a strong quarter, including organic growth of 6 percent that was broad-based across all business groups and geographic areas,” said Mike Roman, 3M chief executive officer. “Our team delivered record sales and a double-digit increase in earnings per share, while keeping our commitment to investing in our business and returning cash to shareholders.”

     

    Fri, 03/08/2018
  • 198

    Student volunteers from 25 schools take part in Mission Ball Pen

     

    Used ball pens weighing more than a tonne were collected from all over the district as part of Mission Ball Pen, an initiative of Swasthy Foundation in Kozhikode, in an effort to reduce plastic waste and highlight the need to recycle it. Student volunteers from 25 schools collected used ball pens from their neighbourhood and handed them over to the Swasthy team. The closing ceremony of the campaign for the year 2017-18 was held at Malabar Christian College Higher Secondary School, where the schools handed over the pens collected over the year. The collected pens that weighed 106 kilograms were exhibited at the venue.

    Environmentalist T.V. Rajan was the guest of honour at the event, in which AUP School, Kottur and NGO Quarters Higher Secondary School that performed well in the initiative were honoured.

    Sun, 22/07/2018
  • 197

    JK Paper has set its sight to capture the premium packaging board, also known as virgin fibre based board, market that is set to grow at 12.9% in 2021. This comes on the heels of JK Paper approving in May 2018 the setting up of an additional capacity up to two lakh tpa of packaging board, pulping facilities up to 1.60 lakh tpa and utilities at Central Pulp Mills (CPM) in Songadh, Gujarat. The entire cost of the project is approximately considered to be Rs 1,450-cr.

    Indian consumer packaging market in 2017 was valued at 12.0 billion USD and is expected to grow at 11-12% in the next five years. Currently, the total premium packaging board domestic annual consumption is at 7.5 lakh tonnes.

    The company’s manufacturing capacity of packaging board stands at 90,000 tpa from its overall capacity of 4,55,000 tpa that also consists of manufacturing of uncoated paper, coated paper and saleable pulp. It has a market share of 12% in packaging board. 

     

    Sun, 22/07/2018
  • 195

    To commission Rs.800 crore integrated food, logistics unit

    FMCG major ITC Ltd. has assured the Telangana government that it will consider the prospect of reviving ailing paper mill of BILT (AP Rayon) located in Warangal (Jai Shankar Bhoopalapally district) of the State.

    Responding to the request of Telangana IT and Industries Minister KT Rama Rao calling upon ITC to handhold and revive sick paper mill, YC Deveshwar, Chairman, ITC Ltd., responded positively stating, “We will do so provided the State backs the move with certain incentives”.

     

    Speaking after the formal inauguration of the ITC Kohenur, a luxury hospitality project in the IT hub of Hitec City in Hyderabad, Rao said: “The revival of the paper mill will help save the jobs of over 2,000 people and help the local economy.

    The Minister said with the support of the State government and lenders, similar efforts made to revive another sick paper unit, Sirpur Paper Mills Ltd, has yielded results with the mills on the verge of being taken over. 

     

     

     

    Thu, 19/07/2018
  • 196

    To commission Rs.800 crore integrated food, logistics unit

     

    FMCG major ITC Ltd. has assured the Telangana government that it will consider the prospect of reviving ailing paper mill of BILT (AP Rayon) located in Warangal (Jai Shankar Bhoopalapally district) of the State.

     

    Responding to the request of Telangana IT and Industries Minister KT Rama Rao calling upon ITC to handhold and revive sick paper mill, YC Deveshwar, Chairman, ITC Ltd., responded positively stating, “We will do so provided the State backs the move with certain incentives”.

     

    Speaking after the formal inauguration of the ITC Kohenur, a luxury hospitality project in the IT hub of Hitec City in Hyderabad, Rao said: “The revival of the paper mill will help save the jobs of over 2,000 people and help the local economy.”

    The Minister said with the support of the State government and lenders, similar efforts made to revive another sick paper unit, Sirpur Paper Mills Ltd, has yielded results with the mills on the verge of being taken over. 

    After the formation of the new State about four years ago, efforts are under way to revive various sick units, including the Ramagundam fertiliser plant and both the sick paper mills.

     

    Thu, 19/07/2018
  • 207

    आने वाले दिनों में बच्चों की पढ़ाई का खर्च कम होने के साथ घर बनाना सस्ता होने के आसार हैं। 21 जुलाई को होने वाली जीएसटी काउंसिल की बैठक में  स्टेशनरी  उत्पादों पर जीएसटी की दरें घटाने का फैसला हो सकता है। इसके साथ सीमेंट और पेंट पर लगने वाले जीएसटी की दरें भी घटने की चर्चा है।

    जानकारों के मुताबिक, 28 फीसदी के स्लैब में आने वाले कई उत्पाद 18 फीसदी के स्लैब में आ जाएंगे। इससे इन सामानों की कीमतें घटेगी। स्टेशनरी उत्पादों पर जीएसटी के 5, 12 और 18 फीसदी के तीन स्लैब हैं। इसमें 18 और 12 फीसदी जीएसटी वाले उत्पादों पर रेट कम हो सकते हैं।  

    स्टेशनरी  व्यापार मंडल के अध्यक्ष जितेन्द्र सिंह चैहान के मुताबिक,  स्टेशनरी में चार हजार से ज्यादा आइटम हैं। इन पर 0 से लेकर 18 फीसदी तक टैक्स है। इससे कारोबारियों को भी पूरा हिसाब रखने में परेषानी होती है। टैक्स कम करने के लिए व्यापारी ऑल इंडिया स्तर पर एक साल से केंद्र सरकार से बात कर रहे हैं। प्रस्ताव के मुताबिक, 18 फीसदी जीएसटी वाले प्रॉडक्ट अब 12 फीसदी जीएसटी की श्रेणी में आ जाएंगे। इससे 100 रुपये लागत वाले सामान की खरीदारी पर लोगों को छह रुपये की बचत होगी। 

    Wed, 18/07/2018

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