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

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Good Results despite Poor Labour-Relations

Good Results despite Poor Labour Relations Hansavivek VOLTAS, after last year's setback caused by a prolonged labour agitation that culminated in suspension of manufacturing operations for nearly three months, is looking ahead to a fair growth in production, sales and earnings this year. During 1972-73, the value of the works' output dropped from Rs 11.74 crores to Rs 6.66 crores. In the first five months of the current year, the output has gone up by 100 per cent over the same period last year, according to the Executive Chairman, M R Bhide. This trend holds out prospects of an encouraging performance, but the company may have to contend with a number of constraints, such as shortages and rising prices of raw materials, restricted power supply and the credit squeeze., Meanwhile, where licensed capacities have already been enhanced, necessary extensions in the existing production facilities are being made. A bigger model of refrigerator and a wider range of mining equipment are to be introduced during this year. Transport refrigeration and plate freezers for marine products are at an advanced project stage. The long- term outlook has been further brightened by the growing activities of the research and development division which continues to develop new products and improve the existing ones. Of the 45 main development projects handled by this division, 26 were in respect of new products, 9 for improvement of the existing items and 10 for new technology, material substitution, etc. The company has budgeted for an expenditure of Rs 104 lakhs for the current year on research and deve lopment, as against Rs 25 lakhs spent last yean The marketing base is also being widened by acquiring new product- lines and entering into new fields of business, A number of proposals in respect of machine-tools, textile machinery, chemicals and consumer products are being considered. When implemented, they should add substantially to the company's turnover.

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