MOULDED LUGGAGE - OPTIONS UNPACKED
Article Abstract:
The moulded luggage industry in India is currently undergoing a consolidation phase. Competition in the sector is expected to intensify with the entry of foreign players like Delsey of France. Companies with good research & development (R&D) facilities are expected to survive while others may end up as contract manufacturers for the bigger players. The moulded luggage market comprises of three segments namely the premium segment with 15 percent of total marketshare, the popular segment and the standard segment. Samsonite (International) and the Apollo group of US are the dominant players in the premium segment with a market share of eight percent. VIP Industries has a marketshare of 52 percent in the popular segment. VIP Industries and Universal dominate the low end standard segment. The moulded luggage market is dominated by the unorganised sector with 50 percent market share. Northern and western India are the biggest markets in the country. VIP and Samsonite are focussing on developing their distribution networks. Both players are also into exports. VIP's exports touched Rs134 million in 1997-98 and is mainly targeted at Gulf and west European markets. Samonite posted an export turnover of Rs150 million for the year ended December 1998. Moulded luggage manufacturers, particularly VIP have slashed prices following decline in prices of raw materials. (uh)(vr)
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1999
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CRUDE OIL: WILL IT FALL FURTHER?
Article Abstract:
Crude oil prices have declined to $9-11 per barrel. The oil industry has cut down its expenditure by 20-30 percent globally. The oil producing countries like Saudi Arabia is facing shortage of export revenue to the tune of $15 billion. Iran has estimated that crude price may go below $10-11 per barrel in 1999. Iran has suggested cutting down production till the demand-supply gap is narrowed down. In the next 12 months, crude price is likely to be at $10 per barrel level, according to majority of oil analysts. The most optimistic estimate of the price is $11-12 per barrel for the next 12 months. The winter in US and Europe is likely to help sustain the crude price at that level. The global supply and demand is expected to be in balance during 1999. The supply was 650 million barrels above the demand in 1997 and 1998. The article includes tables of global supply demand position, crude oil supply cuts in 1998 and yearly and quarterly average refining margins. (rk)
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1998
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