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In an official announcement made on Wednesday, the major biscuit maker company in India, Britannia Industries has informed that it has suspended the manufacturing operations at its Chennai plant effective 7th April. The company has informed the Bombay Stock Exchange regarding the matter through this official statement and said that the Chennai plant is having a capacity of producing 1,000 tonnes per month, at the moment. The company said that it is thinking of getting products from its other plants for filling the production shortfall and it would outsource products as well.
Informing that Britannia is having a total manufacturing capacity of 48,000 tonnes per month, at the moment, the Chief Financial Officer of BIL, Mr. Durgesh Mehta said, "This is part of our manufacturing strategy and we are closing the Chennai unit to optimize the cost of sourcing. There are 200 people at this unit and, over a period of time, the VRS cost will come to around Rs 5 crore". He informed that the company is currently outsourcing around 40,000 tonnes of its total production.
The Managing Director of Britannia, Vinita Bali was also talking about the matter and said, "We are not expecting any adverse impact on our financial results due to this closure". Vinita Bali said that a majority of the workmen at Chennai, have already accepted the VRS scheme and this is the second factory of Britannia, that has suspended production following its Mumbai factory.
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| Posted : 4/10/2008 |
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