1347 Investors following 20 Microns. Share this News with them.
0
Like this story, share it with millions of investors on M3
20 Microns to double plant capacity, spend Rs 50cr on capex
20 Microns are on strike since the last three weeks and the activities of the plant have been temporarily stopped. In an interview with Chandresh S Parikh, Chairman and Managing Director of 20 Microns gave a status check on the ongoing strike.
Workers at 20 Microns Ltd's, India's largest producer of white minerals offering innovative products in the field of Functional fillers, Extenders and Speciality chemicals, Vadadla plant in Gujarat are on strike since the last three weeks and the activities of the plant have been temporarily stopped. Negotiations are in progress with workers and the company is expected to intimate the outcome of the same soon.
The company has six different manufacturing locations and 15 stock points for dispatches with sufficient inventory to meet current and future demand of the customers. Hence, business is not expected to be affected.
In an interview with Chandresh S Parikh, Chairman and Managing Director of 20 Microns gave a status check on the ongoing strike.
Here is a verbatim transcript of the interview. Also watch the accompanying video.
Q: Could you give us status updates on your ongoing strike at your plant in Vadadla? When does it seem that resolution could be struck and when would the strike get over?
A: The strike is on since the last three weeks. We have eight different locations in the different parts of India and 21 distribution points all over India. We are carrying about 45 days finish product stock also.
This particular location production is only about 3% of the total market per month. So we, the labour office people and the union are working to resolve the strike and most likely either this evening or by tomorrow the strike should be over.
Workers at 20 Microns Ltd's, India's largest producer of white minerals offering innovative products in the field of Functional fillers, Extenders and Speciality chemicals, Vadadla plant in Gujarat are on strike since the last three weeks and the activities of the plant have been temporarily stopped. Negotiations are in progress with workers and the company is expected to intimate the outcome of the same soon.
