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

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Better Results, Liberal Imports

Hansavivek ALKALI AND CHEMICAL CORPORATION OF INDIA has received an industrial licence for its pharmaceuticals project, and is awaiting one for manufacture of 'gramoxone'. Land for both projects has been acquired at Ennore, near Madras, The company has been pursuing research and development activities to achieve import substitution in raw materials and to develop new pesticides and new applications for its products, Satisfactory progress has been made in setting up an agricultural chemicals screening station at Bangalore for evaluating new pesti- Mes. The company also intends to Participate in a joint research and development centre with its associate companies, CAFI and Indian Explosives, in the hope that in time this may lead to new investment opportunities to diversify profitably, The company's production of polyethylene was affected during 1974-75 by the non-availability of alcohol in the earlier part of the year and a major breakdown in one unit of the plant in the latter part. The market was also sluggish, due to recessionary conditions in the end-use industries and imports of low-cost Japanese material. The company had no difficulty however, in selling its full production. The volume of sales of paints suffered because of a cutback in production by manufacturers of automobiles and consumer durables, on the one hand, and a general fall in consumer demand, on the other. Although prices of paints were adjusted to the fall in raw material prices in the middle of the year, this did not lead to any appreciable improvement in market demand. The company, however, was able to maintain its share of the total market Production and sales of rubber chemicals were adversely affetced by lack of adequate demand from the rubber products industry

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