Hindustan Latex, leading manufacturers of family planning and other healthcare products, has reported a turnover of Rs 213 crore and a net profit of Rs 22.56 crore in 2005-06, as against Rs 195 crore and Rs 20.11 crore, respectively, in the previous year. It paid an interim dividend of Rs 2.33 crore to the Union Government.
The company achieved a production of one billion pieces of condoms during the year and in the process accounted for around 10 per cent of the total global production. A new plant for the manufacture of 230 million pieces was on the anvil. The company also plans to introduce vibrating ring condom and three-in-one-condom (dotted-ribbed-form fitted). The rings for vibrating condoms will be imported from China.
Hindustan Latex has already entered the hospital sector through a venture styled "Life Spring Hospital, which is aimed at patients from suburbs and rural areas. Two such hospitals have started functioning in Hyderabad and Kanpur and another one will be opened in Agra.
It recently introduced "Bsure"- re-use prevention syringe - in partnership with Becton and Dickinson, one of the worlds leading healthcare products companies. The syringe employs a unique plunger breaking mechanism to eliminate its possible re-use. The company had earlier come out with "Autolok"- auto destructive syringe - for the national immunisation programme.
It has teamed up with Gambro BCT, a Swedish company and global leader in automated blood collection technologies, for marketing the latters "blood component therapy aphaeresis systems" in India.
The company will soon start marketing of hepatitis-B and typhoid vaccines sourced from another company and later take up their production at its own facilities. Another new area is marketing of injectible contraceptives to be imported from South Africa. Here, too, the company would start manufacturing the products once the viability has been established.
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| Posted : 8/12/2006 |
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