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.
award was given in recognition of the company's outstanding
export performance of both steel cord and textile
conveyor belts during 2003-04.
to a release issued here, export sales during 2003-04
stood at Rs 42.2 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.
release states that about 35 per cent of the company's
last year was accounted for by exports. In the months
ahead, efforts would be made to penetrate untapped
markets globally, it said.