labor and capital. Establishment and closing businesses should be less cumbersome, along with being less expensive and time consuming. Atlas Copco wins mining order in India Atlas Copco, a leading player in the global construction equipment industry has won repeat mining equipment order in India. The order includes face drilling rigs as well as loading and hauling machines and is expected to be delivered in 2013. The repeat order is from Hindustan Zinc, a company of Vedanta Resources PLC. The company engages in the production of zinc, lead and silver and has been investing in modern construction equipments with a view to boost productivity. In May 2013, the company announced about obtaining the order from Hindustan Zinc for use in the Rampura Agucha mine. Atlas Copco, based in Sweden was found in 1873 and has a global reach across 170 countries. Toshiba launches subwatt LEDs Toshiba has announced the launch of new white LED product. The white LEDs are fabricated with gallium nitride‐on‐silicon. The LED is of the sub‐watt type, mainly due to the reduction of forward voltage. The products that would be made available include the TL2FK series with 3.0 x 1.4mm package and the TL3GA series with 3.0 x 3.0mm package. Mass production of the product is expected to start from Aug 2013. The product will find widespread applications in general lighting, including straight tube lights, light bulbs, base lights and ceiling lights. Paper industry to register a moderate growth The paper industry in India is expected to register a moderate growth on the medium and long term basis owing to a rise in literacy levels and growth in print media industry. Government investments in education and change in urban lifestyles is expected to boost the development of the paper industry. However, with the rise in input costs, the favorable demand supply scenario for paper is unlikely to translate into higher profits for the companies operating in the industry. The paper industry in India has reported a robust growth in revenue over the last five years owing to steady growth in consumptions and increase in realizations.
Manufacturing and Construction – Monthly Update