India Business Forum

Search Button

The Indian Express

The Financial Express

Latest News

Market Indicators

Screen

Boulevard India

Celebrity Chat

Express Computers

Express Power

Letters

Advertisers Forum


Headstart

Business Forum

Lifemate

Zevraat

Express Properties

Palki - Travel

Information Technology

Astrosurf

Eco-India

Dr Know

Morning Digest

Express Greetings

Graffiti


FINANCIAL EXPRESS FRONT PAGE

Corporate

Economy

Expressions

Markets

Leisure

 

Saturday, November 28, 1998

Godrej-GE CFC phase-out plan to be complete by 1999 

Our Bureau  
Pune, Nov 27: Godrej-GE Appliances is well ahead of its schedule to phase out CFC and adopt ecofriendly refrigerant gases and foaming agents for its refrigerators. This will be achieved by 1999, according to company managing director Vijay M Crishna. "We will be implementing the change-over by 1999 and certain models will be shifted to the new ecofriendly technology and made available by the middle of 1999, he said.

Crishna said that while all efforts were being made to keep costs down, the increase in expenditure as a result of this changeover could range between two per cent to seven per cent. While the alternative for the foaming agents have been finalized the company is yet to decide on the variety of refrigerant gases to be used. The choice will be between R134A and isobutane (R600), which is a hydrocarbon. In the United States, companies have shifted to R134A and European companies have chosen isobutane. Chrishna said the decision was being delayed because it had to keep in mind the high degree ofcare needed at both manufacturing and service centres while dealing with isobutane as it was highly inflammable.

On the other hand R134A to will have to be phased out after three to four years.

Godrej-GE is carrying out its own research to make a final decision and is also working with the National Chemical Laboratory, Pune on the `ecofridge project'. NCL is the agency coordinating the `ecofridge project' initiated by the German and Swiss governments.

On the performance of the white goods industry, Crishna said the year had been bad and in particular the downslide in the month of November was worrying. Unseasonal rainfall and uncertain political climate had affected consumer confidence. Unutilised capacities especially in the washing-machine segment was nearly 40 per cent to 45 per cent with demand not picking up as expected in this segment.

Crishna was in Pune to announce sponsorship for the Sawai Gandharva Sangeet Mahotsav to be held in Pune from December 10 to December 12.

Copyright © 1998Indian Express Newspapers (Bombay) Ltd.


Top


The Ambassador Group of Hotels

Global Tenders invited by MSTC

The National Stock Exchange of India (NSE)

 

Click here for a printer-friendly page Printer-friendly page

One of India's Leading Banks


The Indian Express  |  The Financial Express  |  Latest News
Screen  |  Express Investment Week  |  Market Indicators  |  Express Computers
Astrosurf  |  Eco-India  |  Travel & Tourism  |  Information Technology  |  Drumbeat: Ad Buzzaar
Advertisers Forum  |  Career India  |  Business Forum  |  Match Maker  |  Express Properties