Business Daily from THE HINDU group of publications
Saturday, Aug 12, 2006
Hindustan Latex entering new business areas
Plans to market hepatitis-B and typhoid vaccines sourced from another company and later take up their production at its own facilities.
Marketing of injectible contraceptives to be imported from South Africa to be taken up; manufacturing would start after the products' the viability has been established
Thiruvananthapuram , Aug. 11
Hindustan Latex Ltd, leading manufacturers of family planning and other healthcare products in the country, is venturing into new business areas as part of its programme of achieving a turnover of Rs 1,000 crore by 2010.
The company will soon start marketing of hepatitis-B and typhoid vaccines sourced from another company and later take up their production at its own facilities.
Another new area is marketing of injectible contraceptives to be imported from South Africa. Here, too, the company would start manufacturing the products once the viability has been established, Mr M. Ayyappan, Chairman and Managing Director of Hindustan Latex, told newspersons here on Friday.
The company has already entered the hospital sector through a venture styled "Life Spring Hospital'', which is aimed at patients from suburbs and rural areas.
Two such hospitals have started functioning in Hyderabad and Kanpur and another one will be opened in Agra by the end of this month.
It recently introduced "Bsure" re-use prevention syringe in partnership with Becton and Dickinson, one of the world's leading healthcare products companies.
The syringe employs a unique plunger breaking mechanism to eliminate its possible re-use.
The company had earlier come out with "Autolok" auto destructive syringe for the national immunisation programme.
It has teamed up with Gambro BCT, a Swedish company and global leader in automated blood collection technologies, for marketing the latter's "blood component therapy aphaeresis systems" in India.
Some of the new introductions planned by the company are vibrating ring condom and three-in-one-condom (dotted-ribbed-form fitted). The rings for vibrating condoms will be imported from China.
The company has also entered an entirely new area. It has exported 20,000 tonnes of iron ore to China worth Rs 6 crore.
It has on hand export orders of one-lakh tonnes of iron ore, Mr Ayyappan said.
Hindustan Latex recorded a turnover of Rs 213 crore and a net profit of Rs 22.56 crore in 2005-06, as against Rs 195 crore and Rs 20.11 crore, respectively, in the previous year. It paid an interim dividend of Rs 2.33 crore to the Union Government.
The company achieved a production of one billion pieces of condoms during the year and in the process accounted for around 10 per cent of the total global production. A new plant for the manufacture of 230 million pieces was on the anvil and this would help the company maintain its global leadership, Mr Ayyappan said. It has set a turnover target of Rs 320 crore for the current year.
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