Vic Hardware Thu, 25 Nov 2021 21:09:02 +0000 en-US hourly 1 Vic Hardware 32 32 UltraTech wins the FICCI Indian Circular Economy Award 2021 Thu, 25 Nov 2021 15:08:10 +0000

UltraTech Cement Limited won the Indian Circular Economy (ICEA) Award from the Federation of Indian Chambers of Commerce and Industry (FICCI), 2021. UltraTech was declared a co-winner in the Large Enterprise category. As a co-winner in the Large Company category, the prize rewards UltraTech’s efforts to accelerate its activity towards a circular model and identifies the company as the most innovative and the most impactful in its practices.

Organized by the FICCI, the ICEA is India’s most prestigious award, exclusively dedicated to the circular economy. The award ceremony took place virtually on November 25 and the winners were announced in the presence of Mr. Amitabh Kant, Director General of the National Institution for Transformation of India (NITI Aayog). The ICEA aims to reward and recognize the achievements and success of organizations or individuals involved in catalyzing innovations through their strategies and creative approaches. The prize rewards notable contributions made to building a circular economy and a sustainable future.

Building a circular economy model

UltraTech is committed to fostering sustainability throughout the value chain of its operations. The areas of intervention are decarbonization, the circular economy, biodiversity management, water positivity, operational safety and community development.

Circularity of materials is a priority for UltraTech to tackle the problem of overexploitation of natural resources and the elimination of waste generated by its use. UltraTech focuses on using fewer natural resources throughout its value chain. The company follows a dual approach to efficient waste management: First, by generating less waste by using raw materials wisely so that waste can be managed efficiently. Second, by replacing fossil fuels and raw materials with waste generated not only by the company’s factories, but also by other industries and municipal companies, thereby helping to reduce the carbon footprint and prevent disposal. of waste in landfills.

UltraTech has developed systems in its units to use waste safely and efficiently following the principles of the circular economy. UltraTech uses industrial waste and municipal solid waste as an alternative fuel in its furnaces through co-processing. Currently, UltraTech supports 80 municipal companies across India helping them reduce waste going to landfills. UltraTech also uses industrial wastes such as fly ash, gypsum and slag as a substitute for natural limestone in the cement manufacturing process. Recently, UltraTech’s R&D teams patented the process of using red mud, a waste from the aluminum industry, replacing natural raw materials in the cement manufacturing process.

Strengths of UltraTech’s circular economy

  • 10+ million tonnes of CO2 annual savings due to waste use
  • 18.36% of raw materials consumed in fiscal year 21 were recycled materials
  • Over 120 million tonnes of industrial waste recycled over the past decade
  • 2.2 times positive plastic from FY21

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The global energy efficient window market size is Thu, 25 Nov 2021 09:24:56 +0000

New York, November 25, 2021 (GLOBE NEWSWIRE) – Announces the Release of the “Energy Efficient Windows Market by Component, Application, End-Use Industry, Glazing Type and Region – Global Forecast to 2026” –

Double-glazed energy-efficient windows hold the largest energy-efficient window market share, in terms of value.
The double glazing segment is expected to experience strong growth during the forecast period due to increasing demand from both residential and non-residential sectors. Energy efficient windows are soundproof, dustproof and ideal for energy conservation.

Double glazed windows greatly reduce heat loss and improve energy saving rate. These windows find applications both in renovation and in new construction.

The non-residential sector is the fastest growing end-use sector for energy efficient windows, in terms of value.

Non-residential construction that uses energy efficient windows includes commercial buildings, such as offices, hotels, hospitals, educational institutions, and airports. Large commercial buildings are built with the concept of energy saving.

These buildings are also built to achieve long-term equilibrium, and therefore opting for energy efficient windows seems to be a favorable option. Growing economies are witnessing an increasing demand for green buildings in the commercial construction segment.

Recently, European and North American countries have also seen a surge in demand for such buildings. In developing countries, construction of educational institutions and hospitals is increasing, leading to growth of the energy efficient window market in the non-residential end-use sector

APAC is the fastest growing energy efficient window market.

APAC is expected to register the highest CAGR in terms of value in the global energy efficient windows market during the forecast period. The growth of the energy efficient window industry in this region is supported by the recovery of the construction industry and the growing awareness and concerns about carbon emissions and energy conservation.

Due to COVID-19, the construction industry has come to a halt, resulting in reduced demand for energy efficient windows in APAC countries. during the forecast period.

The rapid industrialization of the region would support the high growth rate.

This study has been validated by primaries conducted with various industry experts, globally. These primary sources have been divided into the following three categories:
• By type of business: level 1 (40%), level 2 (33%) and level 3 (27%)
• By designation: C-level executives (50%), directors (30%) and others (20%)
• By region: North America (15%), Europe (50%), Asia (20%) and influence (15%)

The report provides a comprehensive analysis of the company profiles listed below:
• YKK AP, Inc. (Japan)
• Jeld-Wen Holding, Inc. (United States)
• FirstSource Manufacturers, Inc. (United States)
• Saint Gobain SA (France)
• Asahi Glass Co. Ltd. (Japan)
• Nippon Sheet Glass Co. Ltd. (Japan)
• Deceuninck NV (Belgium)
• PGT, Inc. (United States)
• Apogee Enterprises Inc. (United States)
• Schott AG (Germany)
• Ply Gem Holdings, Inc. (United States)
• Central Glass Co. Ltd. (Japan)
• Associated Materials LLC (United States)
• China Glass Holdings Ltd. (China)
• VKR Holding A / S (Denmark)

Research coverage
This report covers the global energy efficient windows market and forecasts the market size to 2026. The report includes market segmentation – type of glazing (double glazing, triple glazing, and others), by end-use sector (non-residential) and residential), by application (new construction and renovation and reconstruction), by component (glass, fiber and hardware) and by region (Europe, North America, APAC, South America and MEA).

Porter’s five forces analysis, along with the drivers, restraints, opportunities, and challenges, are discussed in the report. It also provides company profiles and competitive strategies adopted by major players in the global Energy Efficient Windows market.

Main advantages of purchasing the report:

The report will assist the market leaders / new entrants in this market in the following ways:
1. This report comprehensively segments the global energy efficient windows market and provides the closest approximations to the revenue for the overall market and sub-segments across different verticals and regions.
2. The report helps stakeholders understand the pulse of the Energy Efficient Windows market and provides them with information on the major market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to better understand the competitors and get more information to improve their position in their business. The competitive landscape section includes the competitor ecosystem, new product development, deals and acquisitions.

Reasons to buy the report:
The report will assist the market leaders / new entrants in this market by providing them with the closest approximations of the overall Energy Efficient Windows market revenue and sub-segments. This report will help stakeholders to understand the competitive landscape and gain more insight and better position their companies and market strategies.

The report will also help stakeholders to understand the market pulse and provide them with insights into the major market drivers, restraints, challenges and opportunities.
Read the full report:

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ReportLinker is an award winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.


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]]> New year, new market, new players, old fears • The Square Ball Wed, 24 Nov 2021 19:21:23 +0000

In what has become something of a ritual for Leeds fans, it’s about the time of “should we, shouldn’t we, should we, shouldn’t we?” Debates on the January transfer window. We are all extremely aware of the current injury issues within the team. It’s hard not to be when our bench looks more like candidates for Junior Bake Off than a collection of Premier League footballers. And the inner cogs of the perennially optimists are already turning as they debate who the club will turn to in the winter market to fill some worrying gaps in Marcelo Bielsa’s training.

I say “eternally optimistic”, but the label “sadly mistaken” can also apply to those who truly believe that we will take important action in the New Year. Leeds United, Marcelo Bielsa and the January transfer window are not, and never have been, cooperative, and even with half the squad in ER, common ground is unlikely to be found. this season. Bielsa has always been clear on his approach to the transfer window, regardless of the time of year: unless the incoming player is better than we already have, there is no point in spending money. . The board has also made its position clear on several occasions: January is a window of cluster fuck, with few real-quality players available and big caveats attached to those who are. Overall, this is not the most functional relationship.

And, let’s be fair, the mistrust is understandable. Looking back on the business Leeds did in January under Bielsa doesn’t make a nice read. Kiko Casilla arrived in January 2018 with the kind of fanfare one would expect from a Champions League “winner” and then drove the club’s name into the mud. A year later, ironically following an injury to Patrick Bamford, it is the turn of Jean Kevin Augustin, who promises to be the savior of the season before finding himself overweight, injured, and decidedly in the bad books of a man who waited two whole years for Adam Forshaw. Last year, despite injuries and seeing his colleagues promoting Fulham and West Brom, the club decided to forgo any kind of activity in January. I honestly think you would have an easier time convincing Katie Holmes to give Tom Cruise another try.

But isn’t it time for someone to sit them all down and try to fix the problem? Some kind of metaphorical couple therapy? Victor Orta and Marcelo Bielsa performing confidence exercises with a cardboard cutout of Huw Jenkins? Now, more than ever under Bielsa’s leadership, Leeds need reinforcements. With so many key players missing and the dates of their respective returns shrouded in mystery, Bielsa and her coaching staff were left with a collection of reservations that, for a multitude of reasons (including skills, consistency and covers them all). – parental lights) are not able to reproduce the quality of footballers like Patrick Bamford or Luke Ayling. Add just two points that separate us from the relegation zone and a utterly monstrous December fixture list on the way, and you envision potential disaster if things don’t change.

Some may point out Bielsa’s background and ask why I don’t trust him to keep us with a thin squad. He did it last year with basically the same band, so why couldn’t he do it again? And they would be right to ask. Marcelo Bielsa deserves every ounce of my faith and he has it unequivocally. If he and the club get through January without paying a single dime on a new caterer for Thorp Arch, I’ll shrug and watch the games like I always do. If they are successful, I will bow down to my makeshift altar and ask for forgiveness. But rather than questioning Bielsa for not wanting to complicate her preparations with new players who may or may not have her system, or who are willing to stick to her notorious fitness expectations, my anxiety comes. of the fact that he and the board put the man in a position where even he will find it nearly impossible to keep this performing team at the insane levels they have already achieved. Right now it’s not about finding better than what we have, it’s about finding someone better than an eighteen year old.

Perhaps Victor Orta would have to become a thug, secretly sort deals for seasoned pros who aren’t playing as much as they currently would like, or find discounted deals on players whose contracts expire in July. Maybe if Marcelo shows up on the training ground and finds a couple of new bodies running during Murderball, he’ll take it easy and make plans for them in his preparation for the day. I am aware, of course, that the “sadly mistaken” label may now be stuck squarely on my forehead, as we all know that is not how it would be. I imagine anyone who works for Lazio or Lille during Bielsa’s time at either club (two days, six months) will be happy to tell you exactly what happens when you walk away from the decisions. of the club.

So I guess we’ll leave it to the powers that be. Given our track record and Bielsa’s strict approach, it is likely that nothing will happen in January. Rumors will abound and players across Europe will be linked as an extremely unsubtle way to increase their value, but we will enter February with the same first team we had in early August. Let’s just hope that by then Rob Price will have been able to put them back together with duct tape to hold on until the end of the season. ??

(Every online magazine, every podcast ad-free. Click here to find out how to support us with TSB +) ]]> London copper eased on the strength of the dollar Wed, 24 Nov 2021 03:33:00 +0000

Nov. 24 (Reuters) – Copper edged down Wednesday as a strong dollar weighed on prices, with volumes expected to be weak as the Thanksgiving holiday approached in the United States.

Three-month copper on the London Metal Exchange was down 0.2% to $ 9,687.50 a tonne at 3:08 a.m. GMT, after hitting a nearly one-month high reached on Tuesday.

The most-traded copper contract in January on the Shanghai Futures Exchange fell 0.2% to 70,850 yuan ($ 11,087.64) per tonne.

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The dollar index remained stable after hitting a more than 16-month high on Tuesday as Federal Reserve Chairman Jerome Powell was appointed for a second term, fueling expectations of faster rate hikes. interest. Read more

A firmer dollar makes commodities denominated in US currency more expensive for buyers using other currencies.

LME warrant copper inventories edged up to 62,775 tonnes – the highest in more than six weeks, while the cash premium on the three-month contract fell to $ 94.50 per tonne, indicating that the nearby supply crunch has eased.


* Chinese company Zijin Mining (601899.SS) announced Tuesday that its board of directors has approved a $ 769 million smelter investment for its Kamoa-Kakula copper project alongside Ivanhoe Mines (IVN.TO ) in the Democratic Republic of Congo (DRC).

* Aluminum ShFE edged down 0.3% to 19,130 ​​yuan per ton, nickel rose 0.4% to 151,900 yuan per ton, and zinc fell 0.3% to 23,550 yuan per ton. tonne.

* LME aluminum rose 0.1% to $ 2,671 per tonne, nickel rose 0.3% to $ 20,400 per tonne and lead gained 1% to $ 2,276 per tonne.

* For the best articles on metals and other news, click on or


* Stock markets were choppy in early Asia, with trade rocked by rising US Treasury yields as well as volatile oil prices in the face of cooling price movements from the US and other countries.


0745 France Business climate Mfg Nov

0900 Germany Ifo Business climate New Nov.

0900 Germany Ifo Exchange conditions New Nov.

0900 Germany Ifo Expectations New Nov

1330 US Durable Goods Oct.

1330 US GDP 2nd estimate Q3

1330 US Initial Jobless Clm Weekly

1330 US Adjusted consumption MM Oct

1500 US U Mich Sentiment Final Nov

1,500 units of new home sales in the United States in October

1900 The United States Federal Open Market Committee

publish the minutes of its political meeting of 2-3 November

($ 1 = 6.3900 Chinese yuan)

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Reporting by Eileen Soreng in Bangalore; edited by Uttaresh.V

Our Standards: Thomson Reuters Trust Principles.

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See if Microsoft’s dual-screen Surface Duo 2 survives scratch, burn and bend tests Tue, 23 Nov 2021 03:18:01 +0000

Microsoft didn’t let the total market failure of the first Surface Duo stop it from launching the Surface Duo 2 a few weeks ago, and although there are some notable improvements in it over its predecessor , it probably won’t. popular either.

The dual-screen construction features a sort of ‘foldable’ device, but not in the way we’re used to thinking of the word. Neither screen folds, it’s just a device with two screens separated by a hinge – and bezels. But here’s the million dollar question: How will he behave when subjected to torture tests?

This is exactly what YouTuber Zack from JerryRigAll goes on a discovery tour, and you can see all of his experience documented in the embedded video above.

In case you can’t watch, we’ll give you the basics. Because these screens are not flexible, they are both coated with Gorilla Glass Victus, which scores at level 6 on the Mohs hardness scale, with deeper grooves at level 7 – as expected, and as on n ‘any other phone. The sides of the Surface Duo 2 are made of plastic, and that includes the fingerprint sensor, which means if you scratch it, it won’t perform very well (or at all).

Both displays can take a direct flame from a lighter for a very long time without leaving any huge marks, and when it comes to bend testing … the phone survives, but it’s clear that the part opposite the hinge is quite prone to bending – and Not in a good way.

Smaller soybean crop estimate boosts market Mon, 22 Nov 2021 16:10:00 +0000

MINNEAPOLIS – A smaller-than-expected soybean crop forecast in the U.S. Department of Agriculture’s Nov. 9 crop production report has breathed some fresh air into commodity markets.

Brian Basting, Advance Trading Research Analyst, commented on this finding and others in the USDA’s Agricultural Production and Supply and Demand Estimate Reports during a teleconference hosted by the Minneapolis Grain Exchange.

What were the main takeaways from the soybean reports?

The USDA has reduced the size of the soybean crop in the United States. It was a surprise and there was no one in the trade, based on the trade estimates we looked at, who expected a smaller soybean crop.

The soybean crop reached 4.425 billion bushels from 4.448 billion last month. We saw a reduction in yield in the eastern Corn Belt compared to last month and also in the southwest where we saw a reduction in soybean yield compared to October. These are surprises from what the trade expected.

The USDA has cut the soybean export forecast by 40 million bushels. What impact has this had on the balance sheet when combined with production?

These 40 million bushels are linked to a lower import forecast for China. Chinese imports have been reduced from 101 million tonnes in 2021-2022 to 100 million tonnes. That would be slightly higher than last year’s 99.8 million tonnes and still be a record, but China is a big wildcard moving forward. Will they even import that many bushels of soybeans?

The USDA has taken a conservative stance on soybean exports from the United States, reducing this forecast by 40 million bushels. Net with the smaller crop and reduced export forecast, we saw a modest increase in deliveries from 320 million bushels in October to 340 million bushels in November. However, the average trade estimate was 362 million bushels to go. There was initially a significantly higher movement in the market when the report came out with a weaker than expected harvest compared to October.

Why did the USDA forecast Brazilian soybean production at a record 144 million tonnes?

To some perspective, the United States in the 2021 soybean crop produced about 120 million tonnes. Thus, by far, if this harvest is achieved, Brazil would be the largest soybean producer in the world with 144 million tonnes. This harvest is off to a good start compared to last year when it was quite dry. This year they had more moisture and the crop was sown earlier, which means the crop could be harvested earlier in 2022 and could narrow the U.S. export window in early 2022.

The United States aggressively ships soybean exports today, nearly 100 million bushels last week. However, that window could close earlier than usual if Brazil harvests a record harvest and because it was also sown earlier, it could reach the global pipeline sooner.

The market viewed the corn production and supply and demand estimate ratios as lean neutral, but were there any adjustments from the USDA?

The corn crop increased from last month, from 15.019 billion bushels last month to 15.062 billion this month – 43 million bushels more – due to an increase of half a bushel per acre average yield in the United States. There was no change in the harvested area. Any change in area will be made in January.

The only change to note on the corn use side was an increase in ethanol. We are currently seeing exceptional margins on ethanol and the USDA has changed its forecast of corn used to produce ethanol from 50 million bushels this month to 5.25 billion bushels. Looking ahead, last year we were only 5.028 billion bushels. For example, the USDA is currently forecasting 225 million more bushels for ethanol for 2021-2022.

As a result, the take-out corn for 2021-2022 is 1.493 billion bushels. The average trade estimate was 1.48 billion bushels to go, so it was slightly higher than the average estimate, but slightly lower than October’s 1.5 billion.

We will now be focusing intensely on the pace of exports from the United States, including China, as well as crop development in Argentina, and as we move into 2022, how does the double crop safrinha corn from Brazil begin.

You noted the surprise on the soybean production side with a drop in production, but they haven’t really changed demand. So what triggered the market?

I think the market was really focused on this bigger harvest and this bigger delivery. Some carryover estimates have surfaced for US soybeans of over 400 million bushels. Today, 340 million is still a good sum. They lowered the export forecast of 40 million bushels last month to 2.05 billion bushels. That’s a decrease of 215 million bushels from last year.

The message I would share with soybean growers is that the number of deliveries is higher than last year. At one point in 2020-2021, there were carryover estimates of 100 million bushels. That number was well above expectations in September of 256 million bushels and now we are forecasting 340 million bushels.

The soybean market is really going to be intensely focused now on South America and with the good start in Brazil, I think the big picture now on soybeans is that grinding is slowing down in China. China still imports soybeans, but there are indications that demand may not be as strong as people predicted earlier in China.

These elements make up for this smaller than expected soybean crop. So I’m just reminding people, soybean producers in particular, that this deferral is expected to increase.

Right now, we’re still looking at an increase in soybean acreage planned for 2022. I know a lot can change in the next six months from when growers come into the field, but I think the soybean market appears to be the heaviest of the three major crops. soy, corn and wheat right now.

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Windows Forms updated for .NET 6.0 • The registry Mon, 22 Nov 2021 15:12:00 +0000

Microsoft’s oldest .NET desktop framework, Windows Forms, has been enhanced for .NET 6, although full support for high-resolution displays is “a tough endeavor,” according to software engineer Igor Velikorossov.

The first release of Windows Forms dates from February 2002, when it positioned itself as the successor to Visual Basic 6.0 (1998) as a rapid application development framework for Windows desktop applications. There was enormous friction during this transition, but it was popular and easy to use nonetheless. Under Windows Forms are the Win32 API and the GDI + graphics API.

In late 2006, Microsoft introduced Windows Vista and with it a new .NET desktop framework called Windows Presentation Foundation (WPF). Unlike Windows Forms, it used DirectX for rendering graphics, enabling richer designs with accelerated hardware performance.

WPF was also designed for good scaling regardless of Windows display resolution and display settings, through the use of layout managers to position UI elements.

Windows Forms in Visual Studio 2022

Windows Forms in Visual Studio 2022

Why is Microsoft still investing in Windows Forms, the oldest .NET desktop framework, when it has been replaced several times, first by WPF, then by Windows 8 with its Windows Runtime APIs, then by UWP (Universal Windows Platform), and more recently by WinUI 3 (also known as Project Reunion)? The answer is simply the popularity of the framework and the number of legacy business applications that use it. Third-party component vendors have also provided good support for the platform.

It seems that despite WPF’s technical superiority, many commercial developers find Windows Forms easier, perhaps because of its seemingly simple form designer where a button or checkbox stays where it’s placed, at least until the end. ‘Users with different display settings complain about overlapping text or broken characters.

Windows Forms is only for Windows and not much has been done for a few years, especially since it was for the .NET Framework and most of the development effort went into open source .NET Core. . That changed when .NET Core 3.0 was released, with support for both Windows Forms and WPF. At this point both frameworks have become open source, although it is a fork and Velikorossov’s post on what’s new in Windows Forms is for the .NET 6.0 version, not the .NET Framework version.

Migrating from an existing application is not straightforward and may not be possible without major surgery.

Some features of the .NET Framework include Application Domains, .NET Remoting, Windows Workflow Foundation, and Windows Communication Foundation (WCF), with WCF being the most problematic.

Remote communication using SOAP (an XML remote communication standard) and WCF was widely used, often with ASP.NET on the web server and a Windows Forms client.

Despite these issues, Microsoft has added features including accessibility improvements such as better screen narrator support and user interface automation, updated templates to support the new .NET 6.0 global usage guideline and new runtime designers. “In .NET Core 3.0, we started to modernize and rejuvenate Windows Forms,” Velikorossov said.

The biggest challenge remains the scaling and high DPI (dots per inch) displays. The original scaling method for Windows Forms was based on the default system font, the size of which depended on all of a form’s autoscaling. It was not a good system. There were rounding errors, problems with user controls and with form inheritance, and “forms and their child controls could only be designed by multiple developers simultaneously if their machines had the same resolutions.” , say the docs.

There were some tweaks, but high DPI support only arrived with the .NET Framework 4.7 and only worked on Windows 10 Creators Update and later. When the .NET Core version arrived, Velikorossov describes how the team changed the default font and “quickly learned that a lot of things depended on this default font metric.”

The goal of full support for DPI V2 consideration per monitor remains, meaning that applications are never bitmap scaled by Windows (causing blurry fonts) but are notified when the DPI changes, possibly due to a parameter change or a window dragged to another display. “It’s a tough business, and unfortunately we weren’t able to achieve as much as we had hoped,” said Velikorossov, but there are improvements with proper scaling of container controls and MDI child windows “in most scenarios”.

There are also community contributions to Windows Forms for .NET 6.0, including MessageBox, used for quick dialogs that require confirmation or user input, eventually getting two new buttons: Retry and Continue.

The developers reacted to Velikorossov’s post with a few requests. “Please add native dark mode” was one of them, although apparently a challenge here was that “Windows still does not have a documented way to check if the system is in light or dark mode”. Another gratefully commented that “Form Designer in the VS 2022 version works much better, it was way too slow”.

When the .NET Foundation conducted a developer survey earlier this year, WPF and Windows Forms were found to be more widely used than Microsoft’s more recent efforts.

It’s not a good choice for a graphics application today, being Windows only and a weak option even on Windows, but the legacy combined with its initial ease of use means it will be around for many years to come. coming, which developers are less sure about with other .NET technologies. ®

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Daramic Doubles Production Capacity at Manufacturing Plant in Gujarat, Auto News, ET Auto Mon, 22 Nov 2021 12:13:00 +0000
As a result, Daramic’s production capacity is now over 80 million equivalent square meters per year with a blend of automotive and industrial separator production from the four lines in Gujarat.

The world’s leading manufacturer and supplier of lead-acid battery separators, Daramic announced on Monday that it had doubled the production capacity of its manufacturing plant in Dahej, Gujarat. The plant has grown from two to four production lines in four years due to growing demand from India and neighboring markets, the company said in a statement.

The expansion to four production lines will significantly increase production, enabling the company to meet the full demand of Indian customers locally, while helping customers to iron out the global supply chain challenges they currently face. said Daramic, who is part of Japanese Asahi Kasei. Group company.

As a result, Daramic’s production capacity is now over 80 million equivalent square meters per year with a blend of automotive and industrial separator production from the four lines in Gujarat.

Commenting on the development, Daramic President Chad Schuchmann said, “The new production lines allow us to further strengthen our offerings, keep pace with anticipated market demand and support the growth of the battery industry. lead which is expected to grow considerably in the coming years. ”

As a global leader in the lead-acid separator industry, Daramic is committed to providing innovative battery separator solutions to meet the evolving needs of the country. The increased capacity of the Dahej plant will be leveraged to improve production and market presence in India, Schuchmann said.

“With the current tightening of the global supply chain, Daramic is able to meet the demand of all major customers in India, with the ability to export to neighboring geographies if needed,” he said. said, adding that the company’s Dahej plant is equipped to develop separators for batteries that meet modern requirements and create separation solutions that create innovative market opportunities.

Besides the factory which was established in 2017, the company also has an R&D center in Dahej as well as a finishing factory in Himachal Pradesh. Globally, it has manufacturing facilities in the United States, France, Germany, China and Thailand.

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Metro Performance Glass: MPP interim report 1H22 Sun, 21 Nov 2021 20:44:02 +0000

Interim financial statements




Letter from the President

Chief Executive Officer’s Review Interim Consolidated Financial Statements Interim Consolidated Statement of Comprehensive Income Interim Consolidated Statement of Financial Position Interim Consolidated Statement of Changes in Equity Consolidated Interim Statement of Cash Flows

Notes to the consolidated interim financial statements Business directory

COVER IMAGE: Glass facade of Victoria University

INSIDE COVER IMAGE: Textured glass residential door














aloneRecent events in Australia and New Zealand have reminded us once again that the future is uncertain. It seems that little time has passed since our general meeting, where we hoped for a fiscal year increasingly free from the pandemic and predicted a return to dividend payments,

useas our debt levels declined.

The situation changed very quickly and the company faced a series of Covid-19 related restrictions and international supply chain disruptions for a significant portion of the first half of fiscal 2022. As a result, Metroglass did not meet the profitability and cash flow targets we set for the half year.

staffIn the first four months, the company performed well, with strong sales demand

e a solid future order book.

Our New Zealand business had diversified the weighting in its product mix and broadened the customer base in the Residential segment. The new revenues generated were partly offset

the impact of competitive pressures in the North Island. We continued to see strong sales momentum in our Retrofit segment, and process improvements in the commercial glazing unit were reflected in our consistent project execution and encouraging growth in our portfolio over time.

On August 17, Metroglass closed all four processing plants in New Zealand as the country moved to Alert Level 4. Three of our plants were able to resume operations 14 days later. However,



our largest facility in Auckland was closed for a total of 35 days. The loss of sales, limited distribution capacity and reduced manufacturing capacity had a significant impact on our results.

Building on last year’s experience, the Metroglass team was able to react quickly, focusing on the safety and well-being of our employees, maintaining ties with our customers and preparing for the resumption of operations. once alert levels allow.

We were eligible for the first two rounds of the New Zealand government wage subsidy, receiving $ 2.2 million. As we had done during previous closings, we continued to pay our staff in full. We have taken a number of other short-term steps to minimize the financial impact on the business, including discussions with our owners. We have also ensured that our banking union is fully aware of the consequences of the lockdown period.

At Australian Glass Group (AGG), which has experienced an even more prolonged Covid-19 outbreak, the three processing plants have fortunately managed to remain operational. This allowed the company to achieve stable turnover. It is clear, however, that state-by-state restrictions related to Covid-19 have caused a continuing series of disruption to construction sites and supply chains, and reduced the availability of labor. Difficulties in delivering to customers on time and the impact on costs reduced AGG’s profitability.

Despite this, AGG continues to record steady growth in its double glazing markets which are at the heart of our strategy in Australia. The long-awaited changes to the National Building Code supporting the adoption of double glazing are planned in

calendar years 2022 and 2023. We are well positioned with a strong product line and service offering to take advantage of the expected increase in demand.

For the first half of fiscal year 2022, the Group achieved sales of $ 116.9 million and achieved EBIT1 of $ 3.0 million. This is our second year with disruptions related to Covid-19. Metroglass recorded similar revenue in the previous comparable period, which also included an Alert Level 4 foreclosure. However, EBIT result was reduced by higher glass and freight costs, a lower contribution to wage subsidies and the protracted disruption of Covid-19 in Australia. Price increases have been implemented in both countries to reflect these cost changes.

Our historic focus on allocating our cash flow to debt reduction has placed Metroglass in a strong position to deal with the immediate impacts of the recent Covid-19 outbreaks.

We have agreed with the banks to extend the timeline for restrictive covenants relief in recognition of the short-term impacts of Covid-19. As of September 30, 2021, net debt was $ 47.8 million, and at a similar level as of March 31, 2021.

Due to the impact on Metroglass’s finances, the board of directors has made the prudent decision not to consider a dividend in addition to the interim results of 2022. We understand that this is disappointing for shareholders. The Board of Directors still intends to return to a conservative and sustainable dividend policy as soon as economic conditions permit.

It is clear that the level of uncertainty has increased sharply since the emergence of the Delta strain of Covid-19 in New Zealand and Australia. As of this writing, changes in the way the pandemic is to be handled in New Zealand are being announced. In addition, various Australian states have strongly mandated vaccines for all people in the construction industry. As vaccination levels increase in New Zealand and Australia, we believe this will create a safer business environment for Metroglass.

New Zealand residential housing permits and approvals in Australia continue to support a major pipeline of works despite

1. Profit before interest, taxes and before significant items

Peter Griffiths


the pandemic. As we saw the experience of last year, customer demand remained strong and the construction sector was able to rebound quickly. However, the difficulties in the supply chain and the resulting increased costs will be with us for some time to come.

The group continues to closely monitor the evolution of restrictions linked to Covid-19 in the two countries while maintaining its commitment to achieve its strategic objectives:

  1. Maintain our leadership position and refine our sales mix to take advantage of opportunities in an increasingly competitive New Zealand market
  2. Develop and improve the profitability of our Australian business and benefit from the growing demand for double glazing
  3. Ensure that our balance sheet remains strong and sufficient to face future risks and opportunities.

On behalf of the Board of Directors, I would like to thank the employees of Metroglass for their dedication and commitment during a very difficult time.

Peter Griffiths



This is an excerpt from the original content. To continue reading it, go to the original document here.


Metro Limited Performance Glass published this content on November 21, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on November 21, 2021 08:43:05 PM UTC.

Public now 2021


Sales 2022 235 million
164 million
164 million
Net income 2022 0.97 M
0.68 M
0.68 M
Net debt 2022 42.6 million
29.8 million
29.8 million
PER 2022 ratio 78.8x
Yield 2022
Capitalization 76.0 million
53.3 million
53.1 million
VE / Sales 2022 0.51x
VE / Sales 2023 0.43x
Number of employees 1150
Free float 69.6%

Duration :


Metro Performance Glass Limited Technical Analysis Chart |  MarketScreener

Evolution of the income statement

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Average consensus TO BUY
Number of analysts 1
Last closing price

0.41 NZD

Average price target

0.55 NZD

Spread / Average target 34.1%

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The cost of living takes off in space: price control raised, facade by market players | Print edition Sun, 21 Nov 2021 00:42:37 +0000

By Chrishanthi Christopher

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Long queue at Madurankuliya in Puttalam.Pic by Hiran Priyankara

The lifting of price controls on essential commodities such as cement, gas, sugar and chicken by the Consumer Affairs Authority (CAA) resulted in an unprecedented rise in prices, with market players voting on the figure.

The CAA, the essential goods price index regulator, justified the price increases and said price controls had been lifted on many items.

The price of sugar climbed to around Rs. 200 per kilo from its controlled price of Rs. 122 last week and chicken was sold at Rs. 750 per kilo, a jump from Rs. 250 per kilo.

The Poultry Association said the cost of production, including the price of poultry feed, transportation after rising fuel prices and other expenses, had skyrocketed.

Former association president Mathalie Jayasekara said there may be further price increases as prices rise after the 2022 budget is presented.

Meanwhile, even though the CAA has approved a sharp increase in the price of cooking gas, a shortage persists with long queues outside distribution points selling gas cylinders. Many have returned home empty-handed or after finding alternatives, including firewood and kerosene for cooking.

However, kerosene was also not available, with housewives complaining that they often struggle to prepare a good meal for their children.

Litro Gas, the main supplier of cooking gas to the market, said the gas shortage was due to its inability to clear its shipment from the port.

“There was a four day delay last week. This depleted the buffer stock and caused the shortage, ”said Janaka Pathiratne, Marketing Director of Litro Gas.

He said he believed the supply would be normal in the next ten days.

Meanwhile, the construction sector has been hit the hardest, with many construction operations stalled due to lack of cement.

Builders have complained that the rising cost of cement will make it too expensive for them to complete contracts already in place.

The price of local cement last week soared to Rs. 1600 for a 50-kilogram bag, with contractors complaining that it would not be possible to cost-effectively close the ongoing contracts.

The National Construction Association of Sri Lanka said a 50 kilogram bag of local cement had a tag saying the price was Rs. 1,275, but the hardware was selling the bags of cement for Rs. 1,600.

President Susantha Liyanarachchi said middlemen buy most of the local cement, creating an artificial shortage, with the price determined by market demand.

Sri Lanka’s regular cement needs have been estimated at around seven million metric tonnes per year, of which 30% is made locally and 70% imported.

However there was a shortage of imported cement due to the lack of dollars in local banks. This increased demand for local cement, with larger players buying most of the shares.

It also prompted the construction industry regulator, the Construction Industry Development Authority (CIDA), to float the price of cement.

CIDA director Suvindra Amarasekera said it was futile to publish the price index in her monthly newsletter because cement was not available from local manufacturers.

As such, he said a decision has been made not to mention the price of cement in the market until the price stabilizes.

Currently, a 50 kilo bag was sold for Rs. 1500 to Rs. 1600 from the previous price of Rs. 1275.

Industry sources said the price fluctuation was caused by the scarcity of the “green buck” and rising shipping costs due to pandemic restrictions at ports.

Following this, officials in the construction sector met with Finance Minister Basil Rajapaksa last week to discuss the crisis, and he gave assurances to take steps to stabilize prices.

As a result, the government agreed to add 19 new cement importers to the fray. This was to increase competition and stabilize market prices.

However, market sources question the timeliness of this decision when dollars were not available for regular imports.

“This will only increase demand for the ‘green dollar’,” said one importer.

Industry sources also said the finance ministry failed to provide relief to the besieged industry.

Under sections 53 and 54 of the CIDA Act, the government should allow contractors to charge higher prices to customers because of the increase in the price of cement. This would only apply to current contracts.

“About 70% of our cement is imported and we need to get our help,” Liyanarachchi said.

CIDA President Retired Major-General DMS Dissanayake declined to comment further and said he was busy at a meeting.

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