ALFA LAVAL-Successful Indigenisation

EPW Research Foundation SANDOZ Gearing Up for Competition SANDOZ (INDIA), the Indian subsidiary of the Sandoz Group of Switzerland, has not performed well during the year 1993-94; it has registered only a marginal increase in net sales of 4.2 per cent and in operating profit of 5.4 per cent. In fact, the company's net profit has declined by 11.3 per cent, despite a significant reduction in tax provision by 10.3 percent and interest burden by 47.8 per cent. Even though the performance of the company has not been very encouraging, it has announced a dividend of 25 per cent as against 20 per cent last year.