Return
to Story Page
To print: Select File and then Print from your
browser's menu
Our Bureau
Pune, Mar 3: Whirlpool of India Ltd has outperformed the industry with a 50 per cent growth in units and `even higher growth in revenues', the president and managing director, Garrick D'Silva, said.
"During 1998, the refrigerator industry grew by 22 per cent while washing machines grew at 17 per cent but we grew faster than that and will continue to have double digit growth this year too," he said."The turnaround will happen and we will wipe out the accumulated losses soon," D'Silva said.
He was in Pune to flag off the export shipment of Whirlpool's CFC free no frost refrigerator, which crossed the 10,000 unit mark. Refrigerators manufactured at the company's plant in Ranjangaon, Pune are being exported to 10 countries across the world including two countries in Europe and North America.
He, however, would not put a figure on the value of units exports or the exact destination of the units exported. The Ranjangaon plant also crossed the one lakh unit production mark. The CFC free refrigerator plant atRanjangaon has an installed capacity of four lakh units a year and the project cost the company Rs 326 crore. The production of CFC refrigerators is expected to go up to two lakh by next year. D'Silva claimed that Whirlpool has cornered 25 per cent share in the white goods industry.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
------------------------------------------------------------
This story was printed from Net Express located at http://www.expressindia.com. Net Express provides a portal to India, with news from The Indian Express and The Financial Express along with sites on travel and tourism, the entertainment industry, the power sector, the environment and much more.
------------------------------------------------------------