• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Correspondent

Madurai, Feb. 22

The Sattur Chamber of Commerce and Industries has appealed for import of wax to tide over the current crisis in the fall of supply to match units in the short term and raise the refining capacity in the long term.

In an appeal to the Union Petroleum Minister, Mr Murali Deora, the Chamber Secretary, Mr P.T.K.A. Balasubramanian, pointed out that due to closure of match manufacturing units in China, the export demand has risen, increasing the consumption wax of many small match manufacturing units, especially in the south Tamil Nadu.

Though Chennai Petroleum Corporation Ltd (CPCL) is supplying wax in a effective and fair manner, it is insufficient to meet the increased export demand. The situation gets affected during the shut down of the unit for maintenance as no sufficient stock of wax is maintained, leading to delay in despatches and giving rise to shortage.

At the time of shut down, the company should keep stock of wax for at least three months. To avoid short supply and help the match units, CPCL may be allowed to import all grades of wax and supply.

To make the move viable the Centre should either fully remove or reduce substantially the import duty and the State should also reduce the local tax. The refining capacities of the refineries should be increased to overcome the shortage in the long run, he has aid.

More Stories on : SSI | Tamil Nadu

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Cement sector: Looking for relief on input costs, excise

Copyright © 2008, 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