HLL -- the partaker of the population control programmes
Pandian, P.; Kannan, M.
Yojana 37(20): 21
1993
ISSN/ISBN: 0044-0515 PMID: 12318549 Document Number: 331364
The rate of population growth in India over the 1980s declined 0.11% as a result of the intensified population control programs of the government and the promotion of the condom as an effective method to prevent venereal diseases and conception. Hindustan Latex Limited (HLL) has contributed to the population control programs by producing inexpensive, high-quality condoms. Currently HLL has condoms for every income group. HLL is the single largest manufacturer of condoms working under the Ministry of Health and Family Welfare. The company signed a collaboration agreement with M/s. Okanoto Riken Gomu, Japan, and commercial production started in 1969. Production and sales of condoms has been increasing steadily with production more than doubling in 7 years. The company exports condoms to Canada, the United Kingdom, Belgium, and France. In 1989-90 and 1990-91 it exported nearly 20% of its total production. The profits of the company gradually increased from 1984-85 to 1990-91 owing to the reduction in production expenses. Production expenses constituted 60/67% of total expenses in 1984-85, but they were trimmed to 36.65% in 1990-91 by continuous modernization programs and in-house research efforts. A financial performance analysis indicated that during 1990-91 there was a good turnover of capital, and the utilization of capacity reached an all-time high of 105.3%. In 1989-90 working capital turnover was high. HLL is launching the production of CU-T with substantial financial assistance from UNFPA. HLL also has an ambitious plan to establish a new research and development center in order to further the technical innovation of Latex-based products.