Wednesday, 1 August 2012

Vacmet Successfully Enters the BOPP Film Business


With the successful start of their brand new Brückner high speed film
production line, Vacmet India Limited is now entering the BOPP film
business. This state-of-the-art line enables Vacmet to bring up to 40,000
tons of first-class Polypropylene films to market per year, to satisfy the
growing Indian demand. As a result of the great cooperation between
Vacmet and Brückner teams a smooth start at their top-modern facility
near Delhi could be achieved, with the line producing saleable film from
day one.
Beside the highly sophisticated BOPP line Brückner also supplied a
comprehensive film recycling and fluff handling system. It allows Vacmet
to feed the fluff directly back to the twin screw extruder, which in return
saves energy and preserves raw material quality (no additional melting
process by regranulation system). Alternatively the fluff can also be
processed by the regranualtion system.
Direct drives throughout the whole line, advanced airflow control and
heat recovery system in the TDO are further features to reduce the
energy consumption which is a rising requirement in today’s world.
Brückner is proud to be Vacmet’s partner in the challenging BOPP film
production and guarantees to further provide an individual, efficient
and personal service.
Vacmet India Ltd. is a privately held company, involved in production of
high end flexible packaging materials, providing applications in various
food and non-food sectors. Vacmet has four manufacturing sites with an
installed capacity of 35,000 tons of converted products (e.g. metallized
and special coated products) and 50,000 tons of Polyester films per
annum.

SUZUKI TWO-WHEELERS ON A CONSISTENT GROWTH PATH Records 48.76% increase in Sales during July 2012



New Delhi, 1st August, 2012: Suzuki Motorcycle India Pvt. Ltd., a subsidiary of one of the world’s leading two-wheeler manufacturer Suzuki Motor Corporation, registered a 48.76% increasein their July 2012 sales figures as compared to July 2011. Suzuki Motorcycle sold 40295 units in July 2012 as opposed to 27088 units in July 2011, recording a strong growth in its overall sales. Suzuki Motorcycles has maintained a consistent growth path over the last couple of years.

Speaking on this strong growth pattern, Mr. Atul Gupta, Vice President, Sales and Marketing, SMIPL, said “We have received a good response from the market for all our products. The newly launched Hayate, a mass segment motorcycle, has also received a tremendous response. The growing customer satisfaction has led to positive word-of-mouth in the market. We will continue to give the best to our customers.”

MUTHOOT CAPITAL SERVICES Q1 FY 13 NET PROFIT UP 110 % to Rs. 493 LAKHS -




Shareholders approved dividend of Rs 3.5 per share

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Kochi, July 31, 2012 – Muthoot Capital Services Ltd. has announced its financial results

for quarter ended June 30, 2012 reporting 110 % growth in net profit to Rs. 4.93 crores as

compared to Rs. 2.35 crores in the corresponding period last year.

The unaudited financial results of Muthoot Capital Services Limited, (a listed entity of

the Muthoot Pappachan Group) for the quarter ended 30th June 2012 has registered a

substantial increase in the revenue to Rs. 22.17 crores as compared to Rs. 12.23 crores,

for the corresponding period last year, thus recording an increase of 81%.

During the quarter, the total loan portfolio of the Company increased to Rs. 329.23 Crores

from Rs. 199.33 crores in the corresponding quarter last year, recording an increase of

65%. At present the Company has more than 1.50 lakhs borrowers, mainly under the 2

wheeler category.

The shareholders of Muthoot Capital Services Ltd (MCL) have also approved the dividend of

Rs. 3.5 per share (35%) in the Annual General Meeting held today, as recommended earlier

by the board. The substantial dividend is a reflection of the superior performance of MCL

during the financial year April 2011 to March 2012.

Mr Thomas George Muthoot, Managing Director, Muthoot Capital Services Limited

said: “Despite challenging business scenario – high interest rate regime, rise in fuel

prices, and reduced off take of vehicles, we have succeeded in reporting robust growth.

Introducing cost efficiencies and efficient use of technology has stood by us in good

The Muthoot Pappachan Group is seeing very strong growth in various verticals like

Vehicle, Housing and Micro Finance, Two Wheeler Dealerships, Hospitality, Alternate

Energy; the gold loan business is gearing well to the challenges and the Group as a whole