NSK Ltd. appoints Durga Bearings as its dealer
Chennai: Global bearings major, NSK Ltd of Japan, by way of expanding operations in India, has begun to appoint dealers in various parts of the country.

It has announced the appointment of Durga Bearings Pvt Ltd as one of the dealers. Chennai-based Durga Bearings, a Rs40-crore company, has been in the trade for over two decades. According to the company, the dealership would sell only those types of bearings that are currently not manufactured in India.

NSK's bearings are imported into the country. In the current year, Durga Bearings expects to achieve a turnover of Rs55 crore.
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Export award for Phoenix Yule
Kolkata: Phoenix Yule Ltd, the country's largest manufacturer of conveyor belts, has bagged the "Highest Export Award" in the non-tyre segment from the All-India Rubber Industries Association (AIRIA).

The award was given in recognition of the company's outstanding export performance of both steel cord and textile conveyor belts during 2003-04.

According to a release issued here, export sales during 2003-04 stood at Rs42.2 crore, up from Rs26.5 crore in 2002-03 and Rs8.1 crore in 2001-02. The company exports conveyor belts to over 20 countries.

The release states that about 35 per cent of the company's turnover last year was accounted for by exports. In the months ahead, efforts would be made to penetrate untapped markets globally, it said.
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Lafarge deploys PeopleSoft tools
Mumbai: Peoplesoft has announced that it has successfully deployed PeopleSoft EnterpriseOne Supply Chain Management, Financial Management and Asset Management Solutions in seven months at Lafarge India.

PeopleSoft solutions will help Lafarge India synchronise its inbound supply chain and streamline procurement and inventory management across all company locations.

The solutions will also allow Lafarge India to conduct online financial transactions, leading to improved data integration and coordination between purchasing and accounting.

The initiative is also expected to help Lafarge India to meet with requirements under the Sarbanes-Oxley Act.
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