HOCL unveils multi-pronged growth strategy

HOCL unveils multi-pronged growth strategy

KA Martin

Kochi, June 30: Hindustan Organic Chemicals' multi-pronged growth strategy for the Ninth Plan aims at strengthening its core business for achieving competitive edge in the global market. Investments will primarily be attuned ``to expanding core business, value addition and vertical integration,'' an official communication from the company said here. The public sector giant plans to convert non-core activities initially from cost centres to self-supporting operations and ultimately to profit centres. The renewed focus on these aspects is in addition to the emphasis on asset management, maximising plant utilisation, optimising human resources R&D.

HOCL led the nitro-aromatics industry and was in the midst of a consolidation process adding new capacities in line with the latest international developments in the fields of operation and technology, the communication said. HOCL already has the export house status for its excellent performance in that sphere.

The company is taking up efficiency improvementprogrammes, reducing fixed costs and targeted productivity.

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