Showing posts with label financial. Show all posts
Showing posts with label financial. Show all posts

Wednesday, January 12, 2011

Industrial Filter

These have been difficult times for manufacturing industries. The recession has hit this sector harder than any other. It can be galling to find your company suffering the ill effects of an economic crash caused by others, but the reality is that some companies will have to make significant savings in order to make ends meet. However, that brings with it a host of problems as some firms place the short term over the long term and nowhere is this more important than in the supply of industrial filters.

These are the kinds of devices that are often neglected. Day by day they hum away in the background out of sight and out of mind. The only time they will really make their presence felt is when they go wrong and if that happens you could find yourself in serious trouble if you have not taken adequate precautions.

On any industrial site goods Industrial Filters are vital to maintain a pleasant and safe working environment for all employees. Under existing guidelines this is the employer's responsibility. They have to do everything in their power to make the working environment as pleasant as possible. If they do not, then they may suffer the consequence.

What might these be? Well, they can range from anything, including lost time due to sickness, site closures and even the financial cost should you find yourself inadvertently breaking the law. Worse still the impact on a company's reputation should it be found to have broken the law - either on purpose or by mistake - can be devastating in terms of future business. Suddenly, what might have appeared a healthy and vibrant enterprise can find itself on shaky ground.

Therefore the benefits of making sure you have good Industrial Filters in place should be clear for all concerned. That starts from the earliest purchase - don't just go for the best price. But it continues right the way down the line from maintenance and constant service. The system should be regularly checked. Failure to do so could have catastrophic consequences for you and your company.

There is a saying: the squeaky wheel gets the oil. This is true in the case of Industrial Filters. When everything is quiet, it can be tempting to forget all about them. However you do so at your peril. A hidden menace could be developing right under your nose - one which could have devastating consequences to the future health of your business.

Thursday, January 6, 2011

Industrial Products

Former President of Lahore Chamber of Commerce and Industry (LCCI) Mian Anjum Nisar said the industry was crippled by 67 percent increase in electricity tariff, 18 percent mark-up rates and the energy crisis. “The industry in Punjab was more affected last year because the government discriminated against it by not providing gas to it. This resulted in higher production cost for us than for units in other provinces. This makes Punjab industry uncompetitive within the country. Up to 1,500 industrial units were closed only because of this.”

Once an industry shuts down, its financial problems increase because it has to pay financial charges without any revenues, he said. “We faced gas load shedding for 125 days while other provinces got smooth gas supply round the year,” Nisar said.

Asmat Pervaiz, a former chairman of Pakistan Steel Re-Rolling Mills Association, said the industry’s production stood at 0.7 million metric tons in 2010, which was only 20 percent of its capacity. “In winter, almost 100 percent industry was closed. It hadn’t run at full capacity in summer either, mainly because of non-availability of gas and electricity.”

The decline in production was not reflected in prices because of economic slowdown in the country, which reduced construction activity, Pervaiz said. “Over 200,000 people are employed in Punjab steel melting industry who started crying when we asked them to go on leave. We are unable to cope with this situation as almost all the industry is running in losses.”

Textile sector and auto parts industry, however, registered growth during the year.

Syed Nabeel Hashmi, vice chairman of Pakistan Association of Automotive Parts and Accessories Manufacturers (PAPAM), said motorcycle production increased to 1.7 million units from 1.4 million units. “Car sector registered eight percent growth which is encouraging in Pakistan’s current economic situation. Tractor production also increased following growth in rural income,” he said.

Hashmi said that some vendors faced problems in recovering dues from Chinese manufacturers.

Textile export grew by 25 percent and profit before tax of the sector registered an increase of 20 to 22 percent.

Chairman of All Pakistan Textile Mills Association (APTMA) Gohar Ijaz said increased prices of raw cotton shifted over Rs200 billion to the rural economy and benefited the farmers. But, he said, the industry faced various challenges including energy shortage and high mark-up rates. “New investment in the textile industry has stopped,” he remarked. He further said EU concession to the Pakistani products was a major breakthrough in 2010 but the government failed to exploit this because it ignored the real stakeholders.