Home / Knowledge / News / Textiles / Century Enka plans cut in energy costs to garner profits
Century Enka plans cut in energy costs to garner profits
09
Jul '08
Ever mounting cost of energy has gripped the attention of enterprises across the world and Century Enka Ltd, a joint venture between BK Birla Group and Accordis Group of Netherlads, is no exception.

The company, which is a leading manufacturer of nylon and polyester filament yarns, industrial yarns and nylon tyre cord fabric, has decided to focus on reducing energy costs to recover from slipping profit margins.

While speaking at the company's annual general meeting, Mr GM Singhvi, Director of Century Enka asserted, “Rising crude prices over the last few months have rendered captive generation of power unviable for us and if the crude prices keep on rising we would have to switch to the power grid for supply”.

Sources from the company informed Fibre2fashion that prospects of shifting to alternative sources such as bagasse and other bio-fuel for power are also being considered to save on energy costs which is likely to stand at Rs1,170 million in 2008-09 as against Rs990 million recorded in the previous year.

The company has no plans of making fresh investments in its business unless profits mark an increase and market conditions improve after a couple of years.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Nine West

Fashion | On 17th Jun 2018

ABG wins bid in Nine West Holdings auction

Authentic Brands Group (ABG), owner of a global portfolio of...

Courtesy: Kreussler

Textiles | On 17th Jun 2018

USDA certifies Kreussler's solvent as biobased

The US Department of Agriculture (USDA) has certified Kreussler's...

Courtesy: ITUC

Textiles | On 17th Jun 2018

Democratic space shrink & corporate greed are rising: ITUC

Shrinking democratic space for working people and unchecked corporate ...

Interviews View All

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search