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Ferromatik Milacron India Promotes 2 to Leadership Posts

Company veterans Divgi, Bhalavat to help guide ongoing growth

April 18, 2011 – Ferromatik Milacron India Ltd. (FMIL), India’s No. 1 injection molding machine manufacturer, has promoted two individuals to key leadership roles as the company continues its rapid growth.

Shirish Divgi is now Chief Operating Officer and Vinod Bhalavat is Chief Financial Officer of FMIL, a division of Milacron Plastics Machinery. The promotions correspond with the recent retirement of former FMIL President N.K. Balgi.

“Divgi and Bhalavat have been instrumental in helping us meet the challenges of plastics manufacturing customers throughout the growing Indian marketplace,” said Dave Lawrence, president of Milacron Plastics Machinery. “Their promotions put both of them in a position to accelerate that success.”

As COO, Divgi will be responsible for Operations, Engineering and Sales & Marketing. He will report directly to Jay Woerner, Vice President of India Operations for Milacron Plastics Machinery.

As CFO, Bhalavat will assume responsibility for Finance, Human Resources and Information Technology. He will report directly to John Francy, Milacron LLC Chief Financial Officer, and indirectly to Jay Woerner.

Divgi and Bhalavat have been managers at FMIL since the company’s inception in 1995, ensuring a smooth transition.

“We’re grateful for the expertise and leadership Balgi has provided to Ferromatik India during his tenure as president,” said Lawrence. “I’m personally pleased that he will remain as a Director of FMIL, so that we can continue to benefit from his expertise and counsel.”

Milacron Plastics Machinery, a business of Milacron LLC, is a global provider of advanced injection molding and extrusion processing equipment and services. Applying deep-rooted industry knowledge built over a century of experience, Milacron designs, builds and delivers high-performance solutions that help customers be more efficient, more precise, more productive and more successful.

For more information, visit www.milacron.com/plastics/

Industry asks DCGI not to amend D&CAct to make 2D barcode mandatory

The pharma industry in the country, especially the small and medium scale units, has asked the Drug Controller General of India (DCGI) not to amend the Drug & Cosmetic Act to make the implementation of2D barcode/UID (Unique Identity Code) mandatory for the domestic market. Instead of making the 2D barcode/UID mandatory, the industry asked the DCGI to implement the track and trace system for which there is already a provision in the Act.

At a meeting convened by the DCGI on the issue recently, the industry is learnt to have apprised the authorities that as a concept there should be track and trace of medicines from manufacturing to retail using software system, but practically it is not possible in India till the time the whole supply chain along with the manufacturing is automated through web and related software.

The industry also pleaded that as the implementation of the new system involves an investment of about Rs. 1 to 2 crores. First it should be done on a trial basis or in stages like the pharma giants who are already using such systems and share their experience like how effective it is to control spurious drugs and the cost part of it.

The industry is learnt to have categorically told the authorities that if the Act is amended to make 2D barcode/UID mandatory in the country, most of the small and medium companies will have no other option but to shut down as they will not be able to comply with the new system as the current manpower, packaging machines, computer hardwares and softwares have to be upgraded and new equipment to implement 2D and UID have to be purchased involving huge amount.

Ref : Chronical Pharmabiz March 10, 2011

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