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

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Diversification with Profit

Diversification with Profit Hansavivek CENTURY SPINNING AND MANUFACTURING is expanding its business. It has applied for an industrial lioence to establish another cement plant with an annual capacity of one million tonnes at Manikgarh in Ghandrapur district of Maharashtra. Meanwhile, its Maihar cement project is expected to commence production before the end of this year. The delivery schedule has been delayed in respect of a substantial part of machinery and equipment due to labour problems in some of the major suppliers' factories. The company has been issued a letter of in the for expansion of capacity of the existing Tilda plant, from 6 lakh tonnes to 8 lakh tonnes per annum. This plant has achieved 113 per cent of capacity utilisation during 1978 as against the industry's utilisation of 89 per cent, and won commendation from the Cement Controller. The company has revived its pulp and paper project, It has a 'letter of intent' for manufacture of 20,000 tonnes, each, of rayon grade pulp, writing and printing paper, and newsprint. The management has decided to implement the first two schemes at the earliest. These two schemes would involve a total captial outlay of Rs 45 crores. Matters regarding land, forest lease and power supply are being pursued with the UP government. Important orders for machinery have alreadybeen placed. The pulp plant is expected to go on stream during the latter part of 1981 and the paper plant in about three years' time. The company's joint venture of palm oil project in Malaysia went into production in October 1978. Full production in all three divisions is expected to be achieved shortly. The Malaysian company's products are being exported to the US, Europe, Japan, Middle East, India, etc. The future of Century Electronics, however, is still uncertain. It has been refused permission to sell modules and watches manufactured by it in the domestic tariff area. Recently, however, some demand has emerged from Africa for completely assembled watches. Negotiations to supply completed watches from stock are in progress.

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