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`TTP stock can be sold without reprocessing'

By Our Staff Reporter

THIRUVANANTHAPURAM Feb. 7.

The unsold stock of titanium dioxide pigment stored at the Travancore Titanium Products can be marketed without reprocessing as it is kept in safe places, the managing director, Eappen Joseph, has said.

Mr. Joseph clarified that the company is following a `first- in first-out' principle for sales and the present stock is less than two months old. It has reasonable shelf life and will not deteriorate unless water ingress into the material. When there are space constraints, production is regulated accordingly, without allowing the pigment being stored in unsafe conditions, he said.

The major cause for stock accumulation is worldwide glut in titanium dioxide industry, influx of large quantity of pigment from countries like China. The high retail price of TTP's pigment is due to double sales taxation as the product is being sold through the Kerala State Industrial Products Trading Corporation. This is unique to TTP.

Despite steep increase in cost of raw materials, TTP was forced to reduce the basic selling price twice in the recent past. Still, it is unable to compete due to the impact of additional taxes and duties imposed on the product. The company's problems are not due to inefficiency or high cost of production, he said.

The production and sales in this January was 850 and 731 tonnes respectively, he said.

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