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Home arrow News arrow Business News arrow Phoenix Yule commissions new steel cord press at Kalyani facility
Phoenix Yule commissions new steel cord press at Kalyani facility Print E-mail
Written by Satish   
Thursday, 17 May 2007

Kolkata : Phoenix Yule Ltd, a manufacturer of Conveyor belts, has announced the installation and commissioning of another Conveyor Belt Press at their factory in Kalyani. The German Major has installed a 15-meter long Steel Cord Belt Press Line. This investment in Steel Cord Production would enhance the capacity by 150%. 

This is the second steel cord press of the company, which comes with an investment of Rs.28 crores and would significantly contribute to the growth and turnover of the Company. The new Steel Cord Belt Press after installation would result in higher productivity on account of redeployment of manpower, multiskilling, outsourcing of non-core functions and optimizing cycle time. 

The project has been successfully completed within a record time of 8 months. The trial production has been flagged off on 5th May ‘07. This investment is seen as a reconfirmation of the German Principal’s faith in the Government machinery as well as other stakeholders. 

“The operation of the new press is aimed at enhancing production capacity to meet the increasing demand of customers and enhance productivity at large,” says Mr. T.K. Mukherjee, Managing Director, Phoenix Yule Ltd. He expressed his faith and trust on employees, stakeholders and other Government machinery who made this investment a reality.

 “The new press is a long desired one and will be a spring board to cater to the expanding market which hitherto could not be addressed to on account of capacity constraint,” says Mr. S. Bandyopadhyay, Vice President, Sales & Marketing.

Last Updated ( Monday, 11 April 2011 )
 
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