The Board of Balmer Lawrie, India’s largest producer of steel drums, has recently approved the construction of a seventh state- of-the-art steel drum production facility at a cost of around $15.5m.
India’s steel drum market is continuing to grow at around 5 to 6 per cent per annum with an estimated 8m units consumed each year, says Anand Dayal, general manager, industrial packaging for Balmer Lawrie, the country’s largest producer of steel drums.
The Indian market for 210 litre steel drums has traditionally grown at around 3 to 4 per cent per annum, but the past three years have seen “accelerated growth of perhaps five to six per cent”
Balmer Lawrie, India’s largest producer of steel drums, has posted a second quarter net profit of INR 263.7 m ($5.6m), up from INR 257.3m a year ago, from net sales worth INR 3.8bn, down from INR 4.5bn over the same period.
India’s Balmer Lawrie (BL), a diversified government-owned enterprise and the country’s largest producer of steel drums, has announced a fiscal 2008 gross turnover of R 15.76bn ($367m),
MARKETS Despite India's rapid economic growth, the country's steel drum sector is faced with stiff competition from rival packaging systems, high raw materials prices and significant overcapacity
