Wide-Ranging Diversification

Wide-Ranging Diversification Hansavivek SHAW WALLACE AND COMPANY is further diversifying its activities. It has obtained a letter of intent for establishing a white cement plant in HP. Detailed testing of the quality of limestone deposits is in progress. The company has also got a letter of intent for the manufacture of gypsum boards, blocks, tiles, etc. Mean- while, purity and yield of the company's organo-phosphorus pesticides have stabilised and market acceptance of products continues to be encouraging. The company has completed the second stage of expansion of the sulphuric acid plant and the unit has settled down to a satisfactory level of profitability. The new pricing for mula for superphosphates announced by the Central government which came into effect from April 1984 has enabled the unit to earn reasonable profits. An export- The Week s Companies oriented unit is being established under a newly formed company with foreign collaboration with the object of exporting software and computer consultancy. The company set up a synthetic detergents factory in Fatehpur, a no-industry district of UP within 3