LG POLYMERS (I) BEGINS VALUE-ADDITION EXERCISE
Article Abstract:
LG Polymers India (LGPI), a part of LG Chem of South Korea, has taken up value-addition exercise at its plant in Visakhapatnam. The plant produces fire-retardant polystyrene and acrylonitryle butadine styrene (ABS) compounds. Its fire-retardant polystyrene will be used in TV sets. LGPI intends to produce about 1,000 tonnes of fire-retardant polystyrene and 2,000 tonnes of ABS compounds by 2000 AD. LGPI's products include high impact polystyrene, general polystyrene, and expandable polystyrene. The company is also involved in selling styrene monomer. It supplies about 1,500 tonnes of styrene monomer to the local market per month. (gs)(m)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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A&M SURVEY SHOWS JUMP IN ADSPEND
Article Abstract:
The sluggish consumer market has forced the companies to increase their advertising for creating good markets for their products. The A&M survey has revealed that during 1997-98, the adspends increased by 25 percent to Rs3,300 crore (9.7 percent growth during 1996-97). Hindustan Lever (HLL) topped the list of the ad spenders. Its adspend increased by 62 percent in 1997-98. Colgate Palmolive (CP)'s adspend increased by 40 percent owing to strong competition against HLL. CP's adspend to sales ratio increased from 11 percent to 15 percent. Other big spenders included Telco, Gramaphone Company, Whirlpool and Britannia. (um)(psr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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CRISIL STUDY SHOWS GROWTH DESPITE RECESSION GLOOM
Article Abstract:
A study by the Credit Rating Information Services of India Ltd (Crisil) has indicated that the polymer industry grew by 17 percent in 1997-98. The study has also reported that the growth of the premium car segment was 30 percent, of textiles 6 percent, of cement 9 percent, of steel 10 percent and of oil 7 percent. Crisil's study has surprised analysts, who are claiming that there is a recession and a general decline in industrial growth. (gs)
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India: Study by Credit Rating Information Services of India has indicated that polymer industry grew by 17% in 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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