ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Long Haul

Long Haul TEXTOOL has been showing steady progress since its management was taken over by the reconstituted board of directors nominated by government of Tamil Nadu on August 1, 1970. The -company had then an accumulated loss in excess of Rs 200 lakhs and the position looked almost irretrievable. During the past four years, the accumulated loss has been reduced to less than a third and, with successful working for another year or so, the company can look forward to wiping out the remaining deficit The company has outstanding orders of the value of over Rs 21 crores and it expects favourable conditions in the textile machinery market to continue for another five years, which should provide it with ample opportunity to maintain the rate of growth achieved in the past four years. Production of textile machinery is intended to be stepped up substantially and efforts are being made to procure adequate quantities of the essential raw materials and bought-out components. New lines of manufacture such as arc furnaces, bar turning machines and fly frames have also been in good demand. Production of steel was increased last year, but it was still well below the company's full potential level owing to the power restriction, which is likely to continue. During 1973-74, Textool produced 150 spinning frames, 76 conversion sets and 96 cone winders and doubler winders against 109, 180 and 85, respectively, produced in the previous year and the installed capacities of 480 spinning frames and 96 cone winders and woubler winders. The number of diesel engines produced was increased over the year from 446 to 557 and the output of alloy steels from 443 tonnes to 596 tonnes, although installed capacities in both the cases were much larger at 2,500 diesel engines and 1,200 tonnes, respectively.

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