Capex makes profit for first time in 25 years

Management, workers confident of making more progress

The Kerala State Cashew Workers Apex Industrial Cooperative Society (Capex) registered a profit of Rs.9.26 lakh in 2009-10, the first time in the 25 years of its existence.

At a press conference here on Wednesday, Capex Chairman B. Thulasidhara Kurup and Managing Director R. Rajesh said the profit, though modest, had injected much confidence in the management and the workers.

They said cashew kernel export by Capex resumed during the period after several years.

Seven of the society's 10 cashew factories were recently modernised. The remaining three would be modernised by December. Mr. Rajesh said the company planned installation of lights and fans in the sheds for the convenience of the workers. Solar energy would power these installations. Capex, in association with ANERT (Agency for Non-conventional Energy and Rural Technology), would install the solar panels.

The government had sanctioned Rs.1 crore for the purpose and the project would be implemented this year. Mr. Kurup said that annual production capacity of Capex factories had been stepped up from 35 tonnes to 54 tonnes. Sales turnover rose from Rs.16 crore during 2006-07 to Rs.48 crore during 2009-10. Integrated software had been installed to help the head office monitor day-to-day activities at the factories.

During 2009-10, Capex constructed and inaugurated a building complex for its head office. During the past three years, 2,500 workers were appointed, taking the worker strength to 6,300. In 2006-07, Capex could provide only 154 days of work to its workers. But in 2009-10, 214 days of work was provided. The target was 260 days of work.

  • Society registers a profit of Rs.9.26 lakh in 2009-10
  • Seven of the 10 cashew factories modernised recently

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