ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Absorbing Losses, Extending Work

Absorbing Losses, Extending Work POLYOLEFNA INDUSTRIES (PIL) is still awaiting regularisation of its capacity to manufacture 50,000 tonnes per annum of high density polyethylene (HDPE). Its application for annual manufacture of 4,000 tonnes of reinforced polypropylene, an engineering plastic, is being processed by government. The company has started working for SIGRI Electrographite, West Germany, as its indenting agent. Total business indented last year was Rs 33 lakh. Consequent upon the merger of Mindia Chemicals with it, the company is also working as indenting agent for the wide range of chemicals, plastic resins, and other products of Monsanto Company of the US and allied companies. Total business indented for the Monsanto group of companies was Rs 35 lakh last year. The rubber chemicals division, which is continuing operations of erstwhile Mindia Chemicals, produced 1,589 tonnes and sold 1,712 tonnes of rubber chemicals during 1981

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