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Tisco to wind up Agrico division

By Our Staff Correspondent

KOLKATA APRIL 18. Tata Steel plans to close down the loss making manufacturing facilities of its Agrico division in this fiscal. The plant has a manpower of about 200.

The company, however, will continue to market agricultural, construction and mining implements under the Tata Agrico brand name through outsourcing from conversion agents. The brand holds 20 per cent share of the agricultural implements market.

According to T. Mukherjee, Deputy Managing Director, Tata Steel, the plant and machinery of the division had become outdated with time, making it a costly affair to run the same.

To enhance profitability of the brand "we have decided to close down the facility and get the products manufactured through a set of conversion agents". The process of winding up the facility and appointing conversion agents are under way.

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