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Acquiring Parador was the biggest contributor to our top-line growth
Cement

Acquiring Parador was the biggest contributor to our top-line growth

SECTOR: CEMENT HIL...

SECTOR: CEMENT HILEstablished in 1946, HIL is a flagship company of the CK Birla Group. It is the world鈥檚 largest manufacturer and seller of fibre cement roofing and offers comprehensive building solutions. For the past 70 years, the company has achieved market leadership by developing and marketing advanced, high-quality, innovative, sustainable products for the building materials industry. It has six major brands: Charminar, Birla Aerocon, Charminar Fortune, Hysil, Birla HIL and recently acquired German wooden flooring brand Parador. Dhirup Roy Choudhary, Managing Director, shares more... One decision you consider the biggest contributor to the company鈥檚 growth in FY2018-19: The biggest event was the acquisition of vertically integrated premium wooden flooring brand, Parador. The company has two manufacturing plants 鈥� one each in Germany and Austria 鈥� and its products are sold in 86 countries across the globe. Parador is the No. 1 brand in Germany and has won many accolades year-onyear for its technology, innovation, design and quality. Plans for FY2019-20: We have worked on the cultural and financial integration of Parador in the past year and the integration process was smooth and successfully completed. We have been working on improving operating efficiencies and Lean-Six Sigma initiatives have been undertaken both at HIL and Parador, which we believe, will result in substantial cost reduction going forward. Plans are in place to continue growing the polymer solutions business aggressively. The new non-asbestos, cement-based corrugated roofing sheet under the brand Charminar Fortune has shown good traction and work has been initiated to put up additional capacity in the coming year. Capacity expansion is also proposed in the building solutions business as the existing blocks and panels plants are at 95 per cent capacity utilisation.

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Infrastructure Urban

Dr Ajay Kumar Takes Over as UPSC Chairman

Dr Ajay Kumar, Former Secretary, Ministry of Defence took the Oath of Office and Secrecy as Chairman, Union Public Service Commission today. The Oath was administered by Lt Gen Raj Shukla (Retd.), the senior most Member of the Commission.Having pursued a B Tech. in Electrical Engineering from the Indian Institute of Technology, Kanpur, Dr Ajay Kumar has done his MS in Applied Economics from the University of Minnesota, USA and PhD in Business Administration from Carlson School of Management, University of Minnesota, USA. He was also conferred an Hon. Doctor of Philosophy by Amity University in..

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Infrastructure Urban

MSME Ministry Invites Applications for National Award 2024

The Ministry of Micro, Small and Medium Enterprises (MSME) has acknowledged the significant contributions made by MSME entrepreneurs and aims to motivate and encourage them by presenting National Awards for outstanding performance. Currently, there are 35 National Awards offered to MSMEs across various categories. Special provisions have been made to recognize MSMEs led by women entrepreneurs, those belonging to Scheduled Castes (SC) and Scheduled Tribes (ST), and entrepreneurs from the North Eastern Region.Under this scheme, selected MSMEs are honored with a trophy and certificate, along with..

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Infrastructure Transport

MoS Murlidhar Mohol Inaugurates New ATC Tower at Kolhapur Airport

Today marked a significant moment for Maharashtra鈥檚 aviation growth as Union Minister of State for Civil Aviation Murlidhar Mohol inaugurated the new ATC Tower cum Technical Block cum Fire Station at Kolhapur Airport, and flagged off the inaugural Star Air flight between Kolhapur and Nagpur. Under the visionary leadership of Prime Minister Narendra Modi and proactive guidance of Union Minister for Civil Aviation Ram Mohan Naidu, these upgrades aim to enhance air safety, bolster emergency services, and strengthen regional air connectivity across Maharashtra. The Minister expressed deep g..

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