Brahmaputra Cracker to invest Rs 8.96 bn in new projects

Brahmaputra Cracker and Polymer Limited (BCPL) will spend Rs. 896 crore on project activities during FY 2009-10. This was shared by Mr. B. C. Tripathi, Chairman BCPL and Chairman and Managing Director, GAIL (India) Ltd. while addressing the shareholders of the Company during its second Annual General Meeting here.Orders for critical equipment are being progressively placed from end August 2009 to January 2010.

Shri Tripathi also said that the financial closure for the project would be achieved by next month. The Job of Lead arranger for financial closure has already been awarded. GAIL will make an equity contribution to the extent of Rs. 188 crore. Along with the capital subsidy of around Rs. 316 crore; OIDB loan of Rs. 267 crore and current balance of around Rs. 124 crore, this would be sufficient for the requirements.

Over Dimension Consignment is a major issue in taking the project forward. Logistical arrangements for the project are difficult in the northeast region. This is particularly true of heavy engineering equipment as well as requirement of qualified and skilled manpower to implement the project. At present the manpower for the project is being met through drawing from the parent company GAIL (India) Ltd. Reviews of the project implementation are being taken in a regular manner at the highest level in the Company i.e. by Chairman BCPL and these constraints are being dealt with effectively to expedite the project. Shri B.C.Tripathi, Chairman, BCPL took stock of the current status of the project activities and advised the officials to keep a close monitoring and review of the critical project areas.

BCPL has so far made a total financial commitment of around Rs. 1720 crore for the project. Final Basic design and Engineering packages for all units have been received and accordingly material requisition and ordering of equipment are in progress. The Company has placed orders of over Rs.990 crore and tendering for other items to the tune of Rs.1400 crore is in process. Site delivery will progressively start from May 2010 and is likely to be completed by September, 2011. Similarly, orders for critical works are being placed progressively from November 2009 to May 2010.

The Company has achieved several significant milestones including completion of barbed wire fencing, topographical and geotechnical surveys, pipeline and hydrological route survey, infrastructure for construction power and construction of site office. Various site activities such as administrative block building, site grading, plant building and non-plant building works, product warehouse, piling works and boundary wall for

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Technology investments help fibre sector prune costs

The man-made fibre sector in Indonesia has received a boost, with three major manufacturers having invested US $7.1 million on new plant and machinery which will help them cut costs.

The three fibre manufacturers are PT Teijin Indonesia Fiber Corp., PT Indonesia Toray Synthetic and PT Sulindafin. The new machinery will run on cheap gas instead of costly electricity and help them make competitive.

Giving out details, the Secretary General of the Indonesian Synthetic Fiber Producers Association (APSYFI) said that, the new machines are capable of slashing between 5 and 10 percent of the current energy costs incurred by the companies. These three companies had purchased the new machineries under the technology up-gradation programme initiated by the government, which entitles them to claim a subsidy of 10 percent on total investment.

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Remove clause in FTP on capital goods imports - CITI

In a report presented to the Ministry of Commerce, Confederation of Indian Textile Industry (CITI) has requested it not to exclude exporting textile units which had availed funds under the Technology Up-gradation Fund scheme (TUFs) from taking benefit of importing capital goods at zero duty rates.

In the Foreign Trade Policy (FTP) announced by the Commerce Ministry, it had permitted exporters from a few identified, including textiles, to import capital goods under the EPCG scheme at zero rate of duty, but barred those who had availed funds under the TUF scheme.

The report put forth the argument that many of the small and medium size textile units, which had taken advantage of the TUF scheme and are facing the brunt of the economic crisis, would not be able to take advantage if they wished to import capital goods, to modernise their plants.

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Textile accessory exports to touch Rs 200 billion – ITAMMA

The sixty years old Indian Textile Accessories & Machinery Manufacturers' Association (ITAMMA) has set its sights on making India a global hub for manufacturing of textile accessories, considering that US and Europe based companies are shifting their operations to cost competitive countries.

ITAMMA aims to increase turnover from this textile sub-segment from the current Rs 65 billion to Rs 200 billion by the end of the next decade. It is also in the process of transforming itself, from a government liaison body to putting efforts in tying up for technology up-gradation and conducting market research for members.

The trade body also is projecting a increase in exports from Rs 6.5 billion to Rs 10 billion in the next five years, since most of its exporting members have already started focusing on new regions and existing buyer countries like Bangladesh, Vietnam, Indonesia, Pakistan, Uzbekistan and Far-east countries.

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Oerlikon textile division has positive outlook – VP (Mktg)

The Oerlikon Group is one of the most innovative and research-intensive industrial groups in the world. Six of the company's business units are active in machine and plant engineering: textile machines, thin-film coating, production plants for thin-film silicon solar modules, vacuum systems, drive systems and "Advanced Technology".

The leading technology solutions the Oerlikon Group provides and enable its customers to achieve decisive advantages with end users - both industrial and commercial customers as well as private end consumers. 60 percent of all twines used in industrially manufactured rugs are produced on textile machines from Oerlikon.

This type of cutting-edge technology is no accident. Oerlikon invests around CHF 250 million every year in R&D and has nearly 1,500 highly-qualified developers and scientists around the world working on the innovations of tomorrow. In 2008, more than 16,000 employees at 158 sites in 37 countries generated sales of CHF 4.8 billion.

The business units of Oerlikon Textile are the market leaders in virtually every technology area. With their innovations, they are continuously setting new standards for the global textile production.

They provide comprehensive overall solutions in the sector of textile machinery and plant manufacture: From the plant design for the production of man-made and nonwoven fibres up to facilities for ring spinning, rotor spinning, winding, twisting or embroidery, they cover the entire value added chain in the textile sector.

To get a better idea of the research activities and any new technology innovation in the making and also to understand its focus markets of the future, once the recessionary trends roll back, we spoke exclusively to Mr André Wissenberg, Vice President, Marketing and Corporate Communications of the Oerlikon Group.

Mr Wissenberg said, “We will spend 100 million Swiss francs (CHF) for the whole Oerlikon group in 2009, 40 million CHF of which will be invested in Oerlikon Textile innovations. ITMA ASIA will be held next year in Shanghai and we will be there with some revolutionary innovations as in the past”.

“As you may be aware, in the last two years, we launched the POY-Spinning system WINGS of Oerlikon Barmag, winding machine Autoconer 5 with Prezi FX of Oerlikon Schlafhorst and the BCY-Yarn machine Sytec One of Oerlikon Neumag and these products had an excellent market introduction under strong economical circumstances, he added by saying.

“But, I am not in a position to speak about our future innovations in detail, as, if I would, it would create a surprise for the market and textile industry in particular”, he concluded by saying.

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