India’s NRC shuts Mohone plants over labour issue

02 December 2008 16:11  [Source: ICIS news]

NEW DELHI (ICIS news)--India’s inorganic chemicals and synthetic yarns producer NRC Limited has suspended the operations of all plants at its production complex in Mohone, in the Thane district of Maharashtra state, due to “labour unrest”, the company said on Tuesday.

The company has resorted to periodic production cutbacks or shutdowns at the complex due to technical problems, competition from imports and acute shortages of working capital over the last year.

NRC’s chemicals division has a capacity of 52,000 tonnes/year of caustic soda, 43,700 tonnes/year of chlorine, 58,000 tonnes/year of sulphuric acid and 26,400 tonnes/year of hydrochloric acid.

It also produces hydrogen, carbon di-sulphide, sodium sulphite and sodium sulphate.

The company also has plants at the site that produce 16,000 tonnes/year of viscose filament yarn and 12,000 tonnes/year of nylon tyre chord.

NRC incurred a net loss of rupees (Rs) 1.82bn ($36.14m) on net sales of Rs3.2bn in the 15-month accounting year that ended 30 June 2008. 

($1 = Rs50.35)

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By: Naresh Minocha
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