Financial Daily from THE HINDU group of publications
Monday, Apr 10, 2006
Financial Daily from THE HINDU group of publications Monday, Apr 10, 2006 |
|
|
|
|
|
|
|
Corporate
-
Outlook Dunlop plans to make industrial rubber products at Ambattur Our Bureau
Future plans The new industrial product division at Ambattur would cost Rs 20-25 crore. The new facility to take at least six months to be installed.
Mr P.K. Ruia, Chairman, Ruia group
Kolkata , April 9 The Ruia group-controlled management at Dunlop India is planning set up industrial rubber products plant at its existing truck and bus tyre manufacturing facility at Ambattur in Chennai. The company currently has an industrial products division at Sahagunj facility in West Bengal. Sahagunj also has the capacity to produce a range of tyres. According to preliminary estimates, the new industrial product division at Ambattur would cost Rs 20-25 crore. The new production line would take at least six months to be installed. "We have identified substantial demand for industrial products, which includes a range of industrial belts. Accordingly, Dunlop is planning to set up an industrial products division at Ambattur," said Mr P.K. Ruia, group Chairman. Dunlop has already placed orders for two new boilers at a cost of Rs 4-6 crore each for Ambattur. Two old boilers are also in the process of acquisition. This part of the refurbishment and upgradation programme is to be taken up by the company beginning April 10. The plant is expected to commence production within the next two-and-a-half months.
Wage pact for Sahagunj
Dunlop India today signed wage and productivity agreement with employees' and workers' unions, paving the way for re-opening of the Sahagunj facility, likely in August-September. The maintenance and refurbishment work of the plant and machinery is expected to begin in two weeks. The facility has remained idle since March 2001. Though the company had signed an MoU in this regard in February this year, a late resistance by trade unions over a few issues had held up signing of the formal pact. The agreement was signed more or less on the same lines of the MoU except for a change in the time schedule of the payment of gratuity. As per the agreement, the company will pay the Rs 3-4 crore gratuity payable to 150-200 workers who have already retired on or before the start of the production. The payment of gratuity to roughly 1,500 (out of existing manpower of 2,700) slated to opt for an early retirement scheme would be paid in two instalments. Half of the Rs 13 crore total amount payable will be cleared within 45 days from the start of the production. The rest will be paid within six months. While salaries and wages have been fixed at the level of December 2001, to be enhanced by Rs 100 a year for three years, the productivity norm has underlined enhancement of daily production from 90 tonnes a day to 130 tonnes.
Related Stories: More Stories on : Outlook | Rubber | Tyres
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, 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
|