Tinplate company of india need

Implementation of an IT System Legatrix is further facilitating to track Company-wide compliance status. Safeguard and anti-dumping duty on various steel items continued through the year except on imports of tinplate, which impacted our price realization in some segments.

The Company assumes no responsibility to publicly amend, modify or revise any forward looking statements on the basis of any subsequent developments, information or events.

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In addition, Governments focus on the rural economy and the farm sector especially food processing is expected to boost rural consumption in the coming year which is evident in policies being showcased by the Ministry of Food Processing at various industry workshops and exhibitions.

Basis these criteria, the different segments can be classified into two broad categories: edible oil category and other segments category.

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Developments and innovation in alternate packaging materials has resulted in such materials having higher growth rates compared to metal packaging. Signi3cant imports of non-prime tinplate and their possible use in food packaging continues to dampen the demand for prime tinplate. Your Company is committed to develop new products targeting speciality applications and provide technical service support to the value chain members. Owing to its recyclable properties it is considered to be the most environment friendly packaging media and hence evokes positive consumers mindshare. Threats: 1. Get Essay TCIL supplies tinplate to manufacturers in four major product segments: edible oil cans, soft drink crowns, processed food and batteries. A re-engineered focus on process e3ciencies, utilization of critical to quality equipment has resulted in improvement in product quality and reduction in the overall customer complaints. Reports containing details of risks along with mitigation plans are also periodically presented to the Audit Committee and the Board of Directors. The Company assumes no responsibility to publicly amend, modify or revise any forward looking statements on the basis of any subsequent developments, information or events. In addition, Governments focus on the rural economy and the farm sector especially food processing is expected to boost rural consumption in the coming year which is evident in policies being showcased by the Ministry of Food Processing at various industry workshops and exhibitions. This implies that TCIL is cash rich, or at least will have a favorable credit rating for future investments.

It produces about 60, metric tons of tinplate per annum, with annual revenue of about Rs. The industry needs to drive consumer convenience through continuous innovation as well as create cost-competitive and sustainable packaging solutions in order to withstand the strong competition from substitutes.

With the enforcement of the new packaging standard, the market witnessed a shift from reused tin cans to new tin cans, thereby improving the demand of tinplate, especially for Edible oil end use.

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The Company continued with customer focused structured initiatives, which consists of cross functional teams from the Company and the customers, to address issues related to process e3ciency and yields at the customers end. Safeguard and anti-dumping duty on various steel items continued through the year except on imports of tinplate, which impacted our price realization in some segments. High growth in modern retail, FDI in multi-brand retail combined with Governments thrust on the food processing industries augurs well for the growth of the packaging industry in India. This implies that TCIL is cash rich, or at least will have a favorable credit rating for future investments. The Internal Audit department monitors and evaluates the e3cacy and adequacy of the Internal Financial Control. The Company continued with its improvement initiatives related to safety practices and environment management. Knowing the importance of employee engagement in Companys performance, emphasis has been made towards ensuring continuous communication with employees through the di3erent forums including Focused Group Discussions, Joint Forums and structured dialogues. With the enforcement of the new packaging standard, the market witnessed a shift from reused tin cans to new tin cans, thereby improving the demand of tinplate, especially for Edible oil end use. The Company assumes no responsibility to publicly amend, modify or revise any forward looking statements on the basis of any subsequent developments, information or events. The products continue to be supplied in sheet and coil form. The customs duty for tinplate continues to be relatively low and is not a signi3cant barrier to the dumping of tin mill products into India mainly from USA, Europe and Japan under Free Trade Agreement. Get Essay TCIL supplies tinplate to manufacturers in four major product segments: edible oil cans, soft drink crowns, processed food and batteries. This will lead to reduction in margins in the future unless consumption of tinplate increases substantially in India.

A major operations improvement initiative was also undertaken, to help in improving the productivity and reducing the cost by e3cient utilization of raw materials, reduction in power, fuel and water consumption, consumables, reduction in number of strip breakages at mills and improving the throughput factor, etc.

Tinplate company of india — need for a conceptual focus Essay Essay Topic: Sorry, but copying text is forbidden on this website! A Risk Register containing the details of inherent risks, grading of risks, mitigation plans and residual risks is maintained by the Internal Audit Department.

Increasing a3ordability coupled with smaller urbanized household size and time compression is expected to play in favor of packaged food category.

Product development e3orts in tinplate have been undertaken to make the packaging material more cost e3ective. In the year under review, domestic competition continued to strengthen its base and further enhance its production capacity, which is expected to be operational in in western India.

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Tinplate company of india