MAN Industries (India) Limited has expanded its manufacturing capabilities by inaugurating a new spiral mill and an advanced polyurethane coating facility at its Pithampur plant. The expansion increases the company’s annual production capacity by 50,000 TPA, reaching a total of 150,000 TPA.
Enhancing Product Range and Market Reach
With the addition of the new mill, MAN Industries can now manufacture a broader range of pipe diameters. This enhancement strengthens the company’s ability to meet the rising demand from key industries, including oil and gas, water transmission, and infrastructure development.
Strategic Investment for Growth
The company has invested approximately ₹100 crores in the expansion, reinforcing its commitment to innovation and technological advancement. The move not only solidifies its position as a preferred supplier for major infrastructure projects in India and globally but also aligns with its long-term growth strategy.
Commitment to Innovation and Sustainability
As a player in pipe manufacturing and infrastructure solutions, MAN Industries continues to focus on high-quality production and sustainable practices. As reported by msn.com, by integrating advanced technology and improving efficiency, the company is strengthening its leadership in the global pipeline industry.
Vikas Kaushal Appointed as Chairman and MD of HPCL
The government has appointed Vikas Kaushal as the Chairman and Managing Director (CMD) of Hindustan Petroleum Corporation Limited (HPCL) for a five-year term.
First Private Sector Executive to Lead HPCL
Kaushal becomes the first private sector executive to head a state-run oil refinery. Previously, he served as the global leader for energy and process industries at Kearney. His extensive experience in the sector positions him well to lead HPCL.
BPCL’s New CMD
Meanwhile, the government is in the process of selecting a new CMD for BPCL as the current chairman, G. Krishnakumar, is set to retire on April 30 this year. The selection process is expected to conclude soon.
Extensive Experience in the Energy Sector
Kaushal has previously advised top leadership at HPCL, Indian Oil, BPCL, and GAIL. According to the petroleum ministry, he is a seasoned global leader with over three decades of experience in the energy, oil and gas, and power sectors. As reported by newindianexpress.com, his leadership is expected to drive HPCL’s growth and innovation in the years ahead.
Government Imposes Anti-Dumping Duty on Water Treatment Chemical
Government has imposed an anti-dumping duty of up to $986 per ton on trichloroisocyanuric acid, a chemical used in water treatment, imported from China and Japan. The measure, valid for five years, aims to protect domestic manufacturers from unfair pricing, according to a finance ministry notification.
DGTR Recommends Duty to Counter Cheap Imports
The Directorate General of Trade Remedies (DGTR), the investigation arm of the commerce ministry, recommended the duty after determining that dumped imports from China and Japan had caused material injury to the domestic industry. Acting on this recommendation, the finance ministry approved the duty.
Anti-Dumping Duty Ensures Fair Trade
The government imposes anti-dumping duties to ensure fair competition and prevent domestic industries from suffering losses due to underpriced imports. The action aligns with global trade norms under the World Trade Organization (WTO) framework.
How the Anti-Dumping Process Works
DGTR conducts investigations into alleged dumping and suggests corrective measures. The finance ministry then reviews the findings and makes a final decision within three months.
Not a Trade Barrier, but a Fair Trade Measure
As reported by money.rediff.com, anti-dumping duties are not meant to restrict imports or inflate prices. Instead, they create a level playing field for Indian businesses by countering unfair pricing practices from foreign exporters.
