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Sysmex, Transasia tie upMUMBAI: Sysmex Corporation of Japan and Transasia Bio-Medicals Limited have set up a joint venture to manufacture...

Sysmex, Transasia tie up

MUMBAI: Sysmex Corporation of Japan and Transasia Bio-Medicals Limited have set up a joint venture to manufacture and market blood cell analysers in India. The venture, Sysmex Transasia Bio-Medicals Pvt Ltd, will have 51 per cent equity from the Japanese Corporation and 49 per cent from Transasia.

Suresh Vazirani, managing director of Transasia, said the new company would have an equity of Rs 30 lakh. The technology to manufacture the product will be licensed to Transasia for a royalty of five per cent. The product would be priced at 5,000 8212; 30 per cent cheaper than an imported comparable blood analyser. Sixty per cent of the value addition will be done in India, Vazirani said. Blood cell analysers are used in the diagnosis of critical diseases like blood cancer and anaemia.

RCF seeks nod for JV with UCB

MUMBAI: Rashtriya Chemicals and Fertilizers Ltd RCF would seek the government nod for a methyl amine joint venture JV with UCB Chemicals, Belgium, aswell as for change in the debt-equity ratio of another ammonia/urea joint venture in Oman.

RCF chairman and managing director D K Varma said, quot;we are approaching the government for final approval of the JV with UCBquot;. About the venture in association with Kribhco and Oman Oil Company OOC, he said RCF has sought union government8217;s clearance to structure the project with a debt:equity of 2:1 instead of the earlier envisaged proportion of 3:1.

All major agreement and EPC contract for the 1100 million JV-Oman India Fertilizers Company have been more or less finalised. A consortium of international banks have been selected for arranging the debt portion of the project capital requirement.

He said that the company is also exploring the possibilities of further joint venture for the manufacture of DAP with leading companies in India. JEDO, a consultancy organisation of repute, has been engaged for working out techno economic viability for various locations. RCF is also exploring the possibilities of JV forcaptive shipping needs in view of increased trade and cargo for import and export.

Ispat project

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NEW DELHI: The defence ministry has given the go ahead to the captive coal mines of Central India Power Company Ltd, promoted by the Mittals. The captive coal mine was awaiting the defence ministry8217;s clearance as it was close to an ordnance factory at Chanda in Maharashtra.

Defence ministry withdrew their objection based on the recommendation of an expert committee headed by scientific advisor to the Defence Minister Dr A P J Abdul Kalam, an official release said here today. The mine has been cleared on the condition that the company would not carry mining within a radius of three kilometres of the boundary of the ordnance factory.

The other conditions are that Ispat Urja Ltd, Mauritius, would hold at least 26 per cent of equity in both Central India Coal Company Ltd and Central India Power Company Ltd at all times and coal from the mine would be supplied only to Central India Power, for the solepurpose of power generation.