Financial Daily from THE HINDU group of publications
Wednesday, Nov 19, 2003
Financial Daily from THE HINDU group of publications Wednesday, Nov 19, 2003 |
|
|
|
|
|
Corporate
-
Awards & Honours Rane Brake gets Deming Prize Our Bureau
Mr L. Lakshman, Chairman, Rane Group of Companies, and Mr Sundar Ram, President, Rane Brake Linings, at a press meet in Chennai on Tuesday. — Bijoy Ghosh
Chennai , Nov. 18 RANE Brake Linings Ltd has received the Deming Prize, an award recognising excellence in the practice of `total quality management' (TQM). The prize is given by the Japanese Union of Scientists and Engineers. Total quality management is a technique that addresses issues ranging from management of quality through the entire production process, starting from sourcing raw materials to finished goods. Announcing this at a press conference, the Rane group's Chairman, Mr L. Lakshman, said that the other companies of the group were also trying to win the prize. The Deming Prize strengthens the bio-data of a company and, therefore, helps get more business. Mr Sundar Ram, President, Rane Brake Linings, said that the company might have to expand capacity soon, given the prospects for growth. The company's turnover increased from Rs 94.7 crore in 2000-01 to Rs 107.70 crore the next year and to Rs 122.50 crore last year. He said that the company would prefer not to grow through acquisitions, although there were offers.
Article E-Mail :: Comment :: Syndication
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2003, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|