China glass import a cheaper option for Amritsar firm

Jain Scientific Glass Works, manufacturers of glassware for laboratories, is importing glass as raw material from China, which was much cheaper than the local product and abundantly available.

Partner Jaswant Jain said the firm, the leading supplier of glass equipment to chemical, biological, micro biological, bio-technical, pathological and pharmaceuticals laboratories, consumed around 200 tonnes of raw material annually and the import from China served 80 per cent of the requirements. Jain said the material from China cost around $1.1 per kg whereas the local rate was Rs 300 per kg and till now Borosil had monopoly of the trade. He said glass tubes were the basic raw material for their trade and because of imports from China “the company has not increased the prices of its products despite escalating petroleum and labour cost”. Jain said borsilicate glass, prepared from silica sand, was being manufactured by several big factories in Beijing and Shandog.He said “factories there are being controlled by government undertakings and cheap labour and the use of solar energy are key inputs”.

Jain, who has made several trips to China during the past three years, said the Chinese imports kept firms in competition.

He said his firm, which has an annual turnover of over Rs 5 crore, was supplying giants like Cipla, Nestle, Ranbaxy, and Torrent, and also the Council for Scientific and Industrial Research and the Indian Council of Agricultural Research and their different units, for more than 40 years.

The firm is exporting to Saudi Arabia, Jordan, Israel, Vietnam, Singapore, Malaysia, Thailand, Sri Lanka and South Africa. He said Indian equipment were of world standards but “we have competitors in Germany and the UK”.

He said plastic was also making dent in their business because lab equipment, which did not require heating, were being replaced with plastic wares.

He said now for storing soft chemicals, plastic jars were used.

600450 China glass import a cheaper option for Amritsar firm
Date: 29 December 2005

See more news about:

Others also read

Emirates Glass, a Dubai Investment subsidiary, has won a major contract to supply 140,000 square meters of its premium glass to the prestigious development on the Palm Jumeirah, reaffirming its already established reputation as the single most prominent company in the entire regional glass industry.The deal was announced during the company's participation in the prestigious Big 5 show, the largest annual venue for the entire Middle-East glass contracting industry.
Isra Vision Systems AG supplier of machine vision systems, has successfully improved its market position in display glass inspection with a major order totalling 1.8 Mio Euro.
Packagers such as the UK's Rexam and private equity firms are set to vie for pump-sprayer business Calmar, which France's Saint-Gobain (SGOB.
The National Lime & Stone Co. will discontinue production of calcined lime early next month at its Carey plant, the company CEO announced Thursday.
Japan 1 2 1 S. Korea 6 6 3 Southern Taiwan 4 2 0 Central Taiwan 0 4 2 AGC Japan 0 1 1 Taiwan (Yunlin) 1 1 1 Source: PIDA (Photonic Industry & Technology Development Association) Taiwan TFT-LCD Panel Makers Happy to See Substrate-price Falls in 2006 Taipei, Dec. 27, 2005 (CENS)--Both of the world's top-two glass-substrate makers are actively expanding their production capacity in Taiwan, which is expected to cut substrate transportation time and cost for local thin film transistor-liquid crystal display (TFT-LCD) panel makers and boost production efficiency, according to Michael Wang, project manager and senior analyst of Taiwan's PIDA (Photonic Industry & Technology Development Association).According to Wang, Asahi Glass Co. (AGC) of Japan has solved problems in lowering the defect-free rate for the production of fifth- and sixth-generation (5G, 6G) glass substrates, and is expected to tap the market with products with higher price competitiveness in 2006 to grab more market share in the 6G substrate businessIn addition, Wang added, the aggressive capacity added by both Corning of the U.S., the world's No. 1 substrate supplier, and AGC, the No. 2, will lead to price drops for glass substrates and will especially benefit TV panel makers such as AU Optronics Corp. (AUO) and Chi Mei Optoelectronics Corp. (CMO) in TaiwanCurrently, Wang pointed out, a 6G substrate is priced at about 27,000 to 30,000 Japanese yen, about 1,000 to 2,000 yen lower than in the third quarter of 2005.
The following stocks are moving in Japanese markets today. Prices are as of 12:55 p.m. at the Tokyo Stock Exchange. Stock symbols are in parentheses after company names.

Add new comment