Asia Africa Intelligence Wire articles from December 2003

Asia Africa Intelligence Wire archives from December 2003

GM WANTS TO HIKE FEES TO ISUZU FOR MUV (to meet new norms).
December 31, 2003... (From India Business Insight) General Motors India will take Government of India's approval to hike fees by 40 percent to be paid to Japanese based Isuzu Motor. A hike from Rs65.3 crore to Rs91.5 crore will be needed to pay to Isuzu...

GEOMETRIC SETS UP SECOND DEVELOPMENT CENTRE IN PUNE (part of Geometric's expansion plans).
December 31, 2003... (From India Business Insight) Geometric Software Solutions Company Limited set up its second software development centre at Infotech Park in Pune to meet the growing demand for its Product Lifecycle Management (PLM) solutions. Built over...

INDIAN VEHICLE EXPORTS INCREASE 67.6 PERCENT IN H1 (owing to strong demand for vehicles abroad).
December 31, 2003... (From India Business Insight) According to Society of Indian Automobile Manufacturers (SIAM), exports of Indian vehicles rose by 67.6 percent in the first six months (H1) of 2003. In Apr-Sep 2003, 2.21 lakh vehicles were exported (1.32...

STEEL, ENGG, ALUMINIUM FIRMS SHINE IN Q2 (aluminium, cement and products, engineering, gems and jewellery, paper and steel showed 50 percent rise in PBT).
December 31, 2003... (From India Business Insight) Steel sector recorded 764.42 percent rise in net profit to Rs567.71 crore and an increase in net sales by 31.74 percent to Rs6,759.67 crore in Jul-Sep 2003 (net profit of Rs65.68 crore and net sales...

ECONOMY TO GROW AT OVER 7 PERCENT: CII PRESIDENT (owing to excellent monsoons).
December 31, 2003... (From India Business Insight) The president of the Confederation of Indian Industry (CII), Mr Anand Mahindra states that Indian economy will grow by 7.2 percent in 2004-2005, owing to good monsoons. The CII Business Confidence Index...

RAHEJA HOSPITAL INAUGURATES DIABETIC FOOT CLINIC (for prevention, surveillance, cure and rehabilitation of complications in the diabetic foot).
December 31, 2003... (From India Business Insight) SL Raheja Hospital has set up a super-specialised care clinic for the diabetic foot. The clinic has a holistic approach for the prevention, surveillance, cure and rehabilitation of complications in the...

SURVIVAL OF THE FITTEST: PUBLIC SECTOR BANKS (can only survive through adoption of latest technologies, offering of new products and services, and minimisation of NPAs).
December 31, 2003... (From India Business Insight) Reforms have triggered greater competition among banks. The entry of new generation private sector banks has forced the big and mid-size Indian public sector unit (PSU) banks to better their performance. The...

REVIVAL OF CO-OPERATIVE BANKS (has to be on case-by-case basis after considering their viability and possibility of a turnaround in 5-7 years).
December 31, 2003... (From India Business Insight) Co-operative banks have played a key role in developing rural economy in India. In the past 2 years, however, they have acquired infamy due to the Ketan Parekh securities scam, financial mismanagement,...

GROWTH: THE SINGLE POINT AGENDA OF SYNDICATE BANK (it has 20 million clients and a market share of 3%, and shares 3,000 ATMs with 4 other public sector banks).
December 31, 2003... (From India Business Insight) Syndicate Bank, one of the public sector banks, has 20 million customers. It has a market share of 3 percent. Most of the banks are above the benchmark of 9 percent for capital adequacy ratio because of...

NEW STRATEGIES TO SURVIVE: LIC HOUSING FINANCE (allying with builders and developers as well as with important corporate firms and multinational companies).
December 31, 2003... (From India Business Insight) With fewer corporate companies borrowing money from banks, Indian and foreign banks have surplus funds. To put these funds to use and earn revenue, they are attracting people with low interest rates to...

SETTING AN EXAMPLE: GREATER BOMBAY CO-OPERATIVE BANK (was ranked one of the top 5 urban co-operative banks in Mumbai in 2002).
December 31, 2003... (From India Business Insight) The Greater Bombay Co-operative Bank Ltd, popularly called Greater Bank, was set up in 1952. Narendrakumar A Baldota, the son of the founder of the Greater Bank, has been the Chairman and Managing Director...

THE ROAD NOT TAKEN: GRUH FINANCE (recently introduced Gruh Suvidha, a customised loan scheme, to cater to the varying cash flow needs of its clients).
December 31, 2003... (From India Business Insight) Gruh Finance Ltd (GFL) is a subsidiary of the Housing Development Finance Corporation (HDFC). It is active in the western region of India. The enterprise explores new markets and offers innovative products....

ROCHE SCIENTIFIC TO INVEST RUP 330 M IN INDIA (during 2004).
December 31, 2003... (From India Business Insight) Roche Scientific Co (India) Pvt Ltd (Roche Scientific), a 100% subsidiary of F Hoffman-La Roche, proposes to invest about Rs330 M in India in areas, which includes conducting global clinical trials in India,...

INTAS TO LAUNCH BIOTECH PRODUCT BY 1Q 2004 (its first biotechnology product).
December 31, 2003... (From India Business Insight) The Ahmedabad-based Intas Pharmaceuticals Ltd (Intas) would be launching its first biotechnology product that would shortly undergo Phase III trails by 1Q 2004. The company has also received permission to...

CADILA HEALTHCARE DEVELOPS COMPLEX TYPHOID VACCINES (as part of its strategy to augment its product portfolio by way of developing new products).
December 31, 2003... (From India Business Insight) The Ahmedabad-based Cadila Healthcare Ltd is reported to have developed a complex typhoid vaccine and also recombinant protein products as part of its strategy to augment its product portfolio by way of...

SYNCHRON TO DOUBLE ITS REVENUES BY 2003-2004 (has registered revenues of about Rs25 M in 2002-2003).
December 31, 2003... (From India Business Insight) The Ahmedabad-based contract research services organization Synchron Research Services Pvt Ltd (Synchron), which has registered revenues of about Rs25 M in 2002-2003, intends to increase its revenue by...

APIDC GETS FRESH COMMITMENTS, CSIR TO SEEK FUNDS FOR ITS BIOTECH PROJECTS (APIDC has received a total of Rs560 M by way of fresh infusion of capital).
December 31, 2003... (From India Business Insight) APIDC-VCL, an investment fund in India working to aid the biotechnology companies, has received a total of Rs560 M by way of fresh infusion of capital, including Rs100 M from Bank of Baroda and Rs50 M from...

EMIGRATION TO BE CLEARED ON ACTUAL WAGES (emigration authorities to consider actual wages as in job contracts).
December 31, 2003... (From India Business Insight) Emigration authorities are issuing emigration clearance for workers going abroad based on actual wages shown in job contracts. These may be lower than government-prescribed levels. In order to get...

INDO-ISRAEL S and T TIES TO GET FILLIP (to promote scientific and technological collaboration).
December 31, 2003... (From India Business Insight) Government of India and Government of Israel have agreed to sign a new agreement to promote scientific and technological collaboration. It will focus on common agenda, methodology, joint technology...

POSTMEN BRING PHONES TO RURAL DOORSTEPS (under Gramin Sanchar Sewa).
December 31, 2003... (From India Business Insight) Government of India has launched a unique mobile postman pilot project, Gramin Sanchar Sewa (GSS), in 8,000 villages to provide telephone facilities in rural areas. Postmen carry fixed wireless terminal...

Prior notification of a concentration (Case COMP/M.3350 - Norsk Hydro/Wingas/HydroWingas/JV): Candidate case for simplified procedure.
December 31, 2003... (From Chemical Business NewsBase - European Biotechnology Information Service Newslet) The Commission of European Communities has found on preliminary examination that the notified concentration as per which Norsk Hydro UK Ltd and Wingas...

Commission Regulation (EC) No 2336/2003 of 30 Dec 2003 introducing certain detailed rules for applying Council Regulation (EC) No 670/2003 laying down specific measures concerning the market in ethyl alcohol of agricultural origin.
December 31, 2003... (From Chemical Business NewsBase - European Biotechnology Information Service Newslet) Adopted on 30 Dec 2003. The Commission of the European Communities, having regard to the Council Regulation (EC) No 670/2003 of 8 Apr 2003 laying down...

Market report; SSL slips on fears of delays in sale of medical division.
December 31, 2003... (From Chemical Business NewsBase - The Independent) SSL International shares were among the worst performers in the FTSE 250 yesterday amid investor disappointment at the group's inability to secure the sale of its medical division. The...

ORANGE CROSSES ONE MILLION MARK (to Rs300 crore in Mumbai to expand network infrastructure and to improve coverage).
December 31, 2003... (From India Business Insight) Orange, one of the leading cellular service providers has served more than one million customers in Mumbai. The company proposes further investment of Rs300 crore in Mumbai during 2004. The investment...

RELIANCE INTRODUCES TWO MORE CAMERA PHONE MODELS (Gtran GCP 4020 and SCH A603 camera phones can be used as a modem to connect computing devices to Internet).
December 31, 2003... (From India Business Insight) Reliance Infocomm launched two CDMA 2000 IX colour camera phones. Gtran GCP 4020 is from Gtran Wireless Incorporated of US and Samsung SCH A603 from Samsung Electronics of South Korea. These camera phones...

Exide Technologies to continue negotiations with creditors after Court decision.
December 31, 2003... (From Chemical Business NewsBase - Press Release) Exide Technologies announced that the US Bankruptcy Court for the District of Delaware has denied confirmation of the company's Plan of Reorganization and that the company will seek to...

Halsey Pharmaceuticals announces interim funding.
December 31, 2003... (From Chemical Business NewsBase - Press Release) Halsey Pharmaceuticals has secured interim financing from certain existing debenture holders. The company estimates that such financing will fund the company's operations through Jan 2004....

Novamex USA Ltd receives $5 M financing package subscription agreement for its BSE - Mad Cow Disease - test.
December 31, 2003... (From Chemical Business NewsBase - Press Release) Novamex USA Ltd has received a subscription agreement from a private trust company for a $5 M financing package. The Investor has agreed to subscribe to a 5-year convertible debenture...

New study shows importance of Nymox AlzheimAlert protein to Alzheimer's disease.
December 31, 2003... (From Chemical Business NewsBase - Press Release) Nymox Pharmaceutical Corp (Nymox) announced that significant new evidence linking the brain protein detected by the company's AlzheimAlert test to the Alzheimer's disease process has been...

Allergan announces victory in Acular patent infringement case.
December 31, 2003... (From Chemical Business NewsBase - Press Release) Allergan announced that the US District Court for the Northern District of California ruled in favour of Allergan and Syntex LLC in their patent infringement suit against Apotex Inc,...

Dyax Corp announces common stock offering.
December 31, 2003... (From Chemical Business NewsBase - Press Release) Dyax Corp has agreed to sell 5.22 M shares of its common stock in an underwritten public offering. Pursuant to the terms of the underwriting agreement, the shares will be offered to the...

ViaCell announces collaboration and licence agreement with Amgen in the field of cellular therapy.
December 31, 2003... (From Chemical Business NewsBase - Press Release) ViaCell Inc announced a collaboration and licence agreement with Amgen Inc in the field of cellular therapy that provides ViaCell with licenses to certain cellular growth factors and...

Health Enhancement Products offers ephedra-free health solutions.
December 31, 2003... (From Chemical Business NewsBase - Press Release) Health Enhancement Products Inc announced that the formulation of its products provides consumers an ephedra-free solution capable of achieving some of the same effects promoted by...

Valentis announces private placement.
December 31, 2003... (From Chemical Business NewsBase - Press Release) Valentis Inc has raised about $6.5 M in a private placement of the company's common stock and warrants to purchase its common stock. Several new investors participated in the placement in...

Avitar Inc files pro forma financials on prior sale of laboratory subsidiary.
December 31, 2003... (From Chemical Business NewsBase - Press Release) Avitar Inc has filed with the SEC unaudited pro forma financial information related to the sale of substantially all the assets of a subsidiary, United States Drug Testing Laboratories...

Orthofix completes its acquisition of BREG Inc.
December 31, 2003... (From Chemical Business NewsBase - Press Release) Orthofix International NV (Orthofix) has completed its acquisition of privately held BREG Inc, a market leader in the sale of orthopaedic postoperative reconstruction and rehabilitative...

Advantage Marketing Systems reports successful conversion of California weight loss sales.
December 31, 2003... (From Chemical Business NewsBase - Press Release) Advantage Marketing Systems Inc (AMS) announced that its outbound calling programme to convert California monthly auto-shipments from ephedra based products to other nutritional...

Jilin Chemical Industrial Co Ltd announces resolution passed at the extraordinary general meeting.
December 31, 2003... (From Chemical Business NewsBase - Press Release) Jilin Chemical Industrial Co Ltd (Jilin Chemical) held an extraordinary general meeting on 30 Dec 2003 in Jilin City, Jilin Province, the People's Republic of China (PRC) in which it...

Records for the port of Rotterdam for 2003.
December 31, 2003... (From Chemical Business NewsBase - Press Release) During 2003, 328 tons of cargo was handled in the port of Rotterdam, an increase of almost 2% compared to 2002. The former record year 2000 was beaten with 6 tonnes. In containers...

MFC Bancorp Ltd declares distribution of cobalt related assets.
December 31, 2003... (From Chemical Business NewsBase - Press Release) MFC Bancorp Ltd announced that its board of directors has declared a distribution of its cobalt related assets, which include the company's investment in cobalt refining operation in...

Gundle/SLT Environmental Inc and Code Hennessy & Simmons LLC announce cash merger agreement.
December 31, 2003... (From Chemical Business NewsBase - Press Release) Gundle/SLT Environmental Inc (Gundle/SLT) and GEO Holdings Corp, a newly formed entity indirectly controlled by Code Hennessy & Simmons LLC (Code Hennessy), have entered into a merger...

Ivanhoe Mines purchases $50 M in Government securities as part of Mongolia's retirement of Soviet-era debt.
December 31, 2003... (From Chemical Business NewsBase - Press Release) Ivanhoe Mines' has purchased $50 M of treasury bills issued by the Government of Mongolia as part of the Government's successful effort to entirely retire its substantial Soviet-era debt...

Astris Energi to begin pilot production of alkaline fuel cell Powerstack.
December 31, 2003... (From Chemical Business NewsBase - Press Release) Astris Energi Inc (Astris) has completed in-house testing of the prototype Powerstack MC250 fuel cell power module, clearing it for pilot production. Astris has secured the necessary...

El Paso Corp announces petroleum asset sales.
December 31, 2003... (From Chemical Business NewsBase - Press Release) El Paso Corp announced progress on three petroleum asset sales totalling about $156 M. The first transaction is the sale of its Coastal Unilube assets to an affiliate of Warren Oil Co Inc...

Over-the-counter drug products: safety and efficacy review.
December 31, 2003... (From Chemical Business NewsBase - Federal Register) The US Food and Drug Administration (FDA) is announcing a call for data for certain categories of ingredients in over-the-counter (OTC) drug products that are eligible for the original...

Pediculicide drug products for over-the-counter human use: amendment of final monograph.
December 31, 2003... (From Chemical Business NewsBase - Federal Register) The US Food and Drug Administration (FDA) is issuing a final rule amending the final monograph (FM) for over-the-counter (OTC) pediculicide drug products to revise labelling for the...

Food additives permitted for direct addition to food for human consumption: acesulfame potassium.
December 31, 2003... (From Chemical Business NewsBase - Federal Register) The US Food and Drug Administration (FDA) is amending the food additive regulations to provide for the safe use of acesulfame potassium (ACK) as a general-purpose sweetener and flavour...

Occupational exposure to 2-methoxyethanol, 2-ethoxyethanol and their acetates (glycol ethers).
December 31, 2003... (From Chemical Business NewsBase - Federal Register) The US Occupational Safety and Health Administration (OSHA), Labor is withdrawing its proposed standard on Occupational Exposure to 2-Methoxyethanol (2-ME), 2-Ethoxyethanol (2-EE), and...

Notice of intent to grant exclusive patent licence: Seahawk Biosystems Corp.
December 31, 2003... (From Chemical Business NewsBase - Federal Register) The US Department of the Navy hereby gives notice of its intent to grant to Seahawk Biosystems Corp, a revocable, non-assignable, exclusive licence to practise in the field of pathogen...

NEW PHARMACEUTICAL PRODUCTS: FINATE FROM FRANCO-INDIAN (Finate is a lipid normalizer).
December 31, 2003... (From India Business Insight) Franco-Indian Pharma Pvt Ltd of Mumbai has introduced Finate, a product indicated for treating type IIA, IIB, III, IV and V hyperlipidemia resistant to diet therapy. Finate is a lipid normalizer that reduces...

NEW PHARMACEUTICAL PRODUCTS: AGLOWMED LAUNCHES VENSY (is supplied in a blister pack of 10 capsules).
December 31, 2003... (From India Business Insight) Aglowmed Ltd of Mumbai has brought out a unique product for the first time in the world under the brand name Vensy. The product is in the form of capsules and contains N- acetylcysteine 200 mg and Ambroxol...

PHARMA KITTY SWELLS 17% ON EXPORT PUSH (mainly as a result of enhanced export growth).
December 31, 2003... (From India Business Insight) The pharmaceutical industry in India witnessed a 17.1 percent increase in profits during the quarter to Sep 2003, mainly as a result of enhanced export growth and a positive trend in sales in India. During...

LOW PRICES HIT MANUFACTURERS (during Oct 2003).
December 31, 2003... (From India Business Insight) Manufacturers of penicillin-G such as Torrent Gujarat Biotech Ltd (Torrent), Alembic Ltd, Spic, Hindustan Antibiotics and JK Pharmachem are likely to be adversely affected owing to the 40 percent decline in...

DRUGS FOUND SUBSTANDARD (by Maharashtra authorities).
December 31, 2003... (From India Business Insight) Maharashtra Food and Drug Administration has discovered medicines and food supplements manufactured by many pharma companies to be below the quality standards set by the drug control laboratory of the FDA,...

PARACETAMOL TO CARRY WARNING (that overdose of the medicine may damage the liver).
December 31, 2003... (From India Business Insight) Drugs Controller-General of India (DCGI) has directed all state Governments to introduce a mandatory cautionary statement on all pack of paracetamol formulations, indicating that overdose of the medicine may...

AIMIL PHARMA MAKES FORAY INTO CANADA FOR AYURVEDICS (Aimil will get access to American and European ayurvedic markets through this).
December 31, 2003... (From India Business Insight) Aimil Pharmaceuticals (Aimil Pharma) is establishing a facility in Canada with a Canadian partner to produce ayurvedic medicines for diabetes, kidney and liver disorders. Aimil Pharma will provide...

GLITA-DRUG REVIEW (Stadmed launches it for type two diabetics).
December 31, 2003... (From India Business Insight) Stadmed Pvt Ltd of Kolkata has launched a new drug for improving glycaemic control in patients with type two diabetes under the brand name Glita. Each tablet of Glita contains pioglitazone 15 mg or 30...

GRANICIP-DRUG REVIEW (contains granisetron).
December 31, 2003... (From India Business Insight) Cipla Ltd of Mumbai has introduced Granicip, a drug for preventing cytostatic and post-operative induced nausea and vomiting. Each tablet of Granicip contains granisetron 1 mg or 2 mg, while each ml of...

Yukos faces the first official accusation by Russian authorities. [1 table].
December 31, 2003... (From Chemical Business NewsBase - Hospodarske Noviny) Yukos (Russia), oil concern, has faced the first official accusation of tax avoidance by Russian authorities since 30 Dec 2003. The accusation says that Yukos owes Roubles 98 bn,...

Iraq produces about 2 M/d barrels of oil.
December 31, 2003... (From Chemical Business NewsBase - Hospodarske Noviny) Iraq is producing about 2 M/d barrels of oil at end 2003. Before the war broke out in the spring of 2003, the country had produced approximately 2.5 M/d barrels. It drilled the most...

Royal Dutch/Shell considers construction of refinery in China.
December 31, 2003... (From Chemical Business NewsBase - Hospodarske Noviny) Royal Dutch/Shell (RDS) (Netherlands/UK), oil concern, is studying the possibility of the construction of a refinery in the Kuang-tung province in China. The total value of the...

Sibneft does not elect new board of directors.
December 31, 2003... (From Chemical Business NewsBase - Hospodarske Noviny) Sibneft (Russia), oil company, did not elect a new board of directors at its general assembly on 30 Dec 2003. It failed to do so because the representatives of the oil concern Yukos...

Westlake buys rights for eventual expansion.
December 31, 2003... (From Chemical Business NewsBase - Plastics News) Westlake Polymers LP has bought expansion rights at its HDPE/LLDPE plant in Lake Charles, LA, from BP Chemicals. There are no plans for a major expansion at the site. The rights will allow...

Insecticide leaf treatments: rise in insect population but decline in market.
December 31, 2003... (From Chemical Business NewsBase - Relations Culture) The drought of 2003 encouraged some French maize growers not to use insecticides. As a result the market contracted by 10-20%, despite large numbers of insects. Syngenta remained the...

Fall in demand for vine fungicides in 2003.
December 31, 2003... (From Chemical Business NewsBase - Relations Culture) In 2003 demand for vine fungicides in France fell for the third consecutive year, largely because of the low level of disease. Sales of powdery mildew treatments were down by 10%+ and...

Downy and powder mildew fungicides: new products in the pipeline.
December 31, 2003... (From Chemical Business NewsBase - Relations Culture) After the arrival in 2003 of zoxamid in Dow AgroSciences' Electis Pro and Philagro's Roxam Combi and of pyraclostrobin in BASF Agro's Cabrio Star/Cabrio Ultra, several new downy mildew...

Beginnings of change on the maize herbicides market.
December 31, 2003... (From Chemical Business NewsBase - Relations Culture) In 2003 the value of the maize herbicides market in France increased by 9% although the amount of land used to grow maize remained almost unchanged. The pre-emergence treatments sector...

Radiation-curable products.
December 31, 2003... (From Chemical Business NewsBase - PPCJ, Polymers Paint Colour Journal) The global market for radiation-curable raw materials was placed at 195,300 tonnes in 2002. Acrylated oligomers and diluents emerged as the biggest sector,...

Waxes in demand.
December 31, 2003... (From Chemical Business NewsBase - PPCJ, Polymers Paint Colour Journal) The demand for waxes in the USA is predicted to grow by 4.9%/y to reach $1.7 bn in 2007, according to a study by The Freedonia Group. The petroleum wax sector is...

Stagnation in Europe. [1 table].
December 31, 2003... (From Chemical Business NewsBase - PPCJ, Polymers Paint Colour Journal) The European paint market posted sales volume of around 5,335,000 tonnes in 2002, according to CEPE. Germany continues to dominate the market, with domestic sales of...

Inks industry to reach $9 bn by 2008.
December 31, 2003... (From Chemical Business NewsBase - PPCJ, Polymers Paint Colour Journal) The US printing industry is forecast to achieve an average growth of 3.2%/y to $197.6 by 2008, up from $168.8 bn in 2003, according to a new report published by the...

Powder promise.
December 31, 2003... (From Chemical Business NewsBase - PPCJ, Polymers Paint Colour Journal) The US demand for powder coatings is forecast to grow to 505 M lbs in 2005, and further reach 735 M lbs in 2010, based on the latest Freedonia report. Thermoplastics...

Russian recovery.
December 31, 2003... (From Chemical Business NewsBase - PPCJ, Polymers Paint Colour Journal) The Russian paint market is turning in a relatively weak performance, which is attributed by analysts to the absence of innovations and improvements in product...

RETAIL BNKING: IS BOOM PETERING OUT? (housing finance recorded steep rise in retail banking while consumer durables financing declined in 2002-2003).
December 31, 2003... (From India Business Insight) Retail banking in India has been on a low key and non- banking finance companies (NBFCs) catered to this need and provided funds for activities that were not funded by the commercial banks. The country's...

PRIVATE PLACEMENTS: CORPORATES IN LIMBO (SEBI guidelines requires companies borrowing funds to make elaborate disclosure and list debt instruments in exchanges).
December 31, 2003... (From India Business Insight) The Securities and Exchange Board of India (SEBI) guidelines making it mandatory to list corporate debt instruments in stock exchanges and to make extensive disclosures have put a brake on corporate debt...

JNPT: GROWING FROM STRENGTH TO STRENGTH (the integrated terminal to have 1700-metre long quay and six berths).
December 31, 2003... (From India Business Insight) The 14-year-old Jawaharlal Nehru Port Trust (JNPT), Mumbai, exceeded two million twenty-foot-equivalent (TEUs) container traffic on 5 Dec 2005. The port had achieved the one million TEUs in mid-2001. The...

IMC GROUP (India's only storage company have tank farms at 12 ports).
December 31, 2003... (From India Business Insight) IMC Group offers storage facilities and is the largest independent bulk storage company in the country. It has a network of storage terminals at Kandla, Mumbai, JNPT, Goa, Karwar, Mangalore, Kochi, Chennai,...

LIQUID CARGO JETTY AT JNPT-BHARAT PETROLEUM CORPORATION (BPCL and IOC jointly develop 300-metre long liquid cargo jetty at Jawaharlal Nehru Port).
December 31, 2003... (From India Business Insight) Bharat Petroleum Corporation Ltd (BPCL) and the Indian Oil Corporation (IOC) have jointly pioneered the development of liquid cargo jetty at Jawaharlal Nehru Port (JNP). The Rs150- crore liquid jetty was...

PIONEER EMBROIDERIES: CONSOLIDATING RAPID GROWTH (emerges as one the largest crochet lace manufacturing company in the world with 2,148 million stitches per annum).
December 31, 2003... (From India Business Insight) Pioneer Embroideries Ltd (PEL) has emerged as the number one embroidery company in the country. It is also one of the largest crochet laces manufacturing company in the world. Its manufacturing...

CANARA BANK; DECENT POTENTIAL (third largest public sector bank plans Rs1,31,000 crore business in 2004-05).
December 31, 2003... (From India Business Insight) Canara Bank is the third largest public sector bank. It has nation-wide present with 2500-plus branches. It also has a network of extension counters and ATMs. It has an asset base of Rs82,000 crore. In...

GRASIM INDUSTRIES (Grasim is world leader in VSF production with a capacity of 2,20,775 tonnes per annum).
December 31, 2003... (From India Business Insight) Grasim Industries Ltd (GIL) is a diversified company and manufactures viscose staple fibre (VSF), cement, sponge iron, chemicals and textiles. It is one of the largest gray cement manufacturers in the...

WELSPUN GUJARAT STAHL ROHREN: A MARKET OUT PERFORMER (largest SAW pipe manufacturer in the country with Rs900- crore order book for 2004).
December 31, 2003... (From India Business Insight) Welspun Gujarat Stahl Rohren (WGSR) is one of the largest manufacturers of submerged arc welded (SAW) pipes. It has capacity of 1,000 kilometres per annum of longitudinal pipes and 400 kilometres of spiral...

WEST COAST PAPER MILLS (enhances production capacity to 1.6 lakh tpa to take advantage of current 5% spurt in demand for paper).
December 31, 2003... (From India Business Insight) West Coast Paper Mills Ltd (WCPML) of the SK Bangur group manufactures paper, duplex boards and optic fibre cables. The company is also present in power generation. WCPML has increased its production...

NALCO (to invest Rs4000-crore to expand overall capacity).
December 31, 2003... (From India Business Insight) The totally integrated National Aluminium Company (Nalco) is one of the lowest cost producers of aluminium in the world. Nalco has a port and generates its own power. It produces aluminium ingots, saws,...