December 2011 | Christabelle Noronha
Packing a punch
Making optimum use of its expanded capacity is the principal objective for The Tinplate Company of India (TCIL) as it seeks to strengthen its market-leading position in India and consolidate its export earnings. Under threat from substitute packaging mediums and international competitors, TCIL has opted for extensive organisational change and financial prudence. Chief executive officer Tarun Daga speaks to Christabelle Noronha about how the company he heads has become leaner, livelier and more certain of its place in the packaging industry.
On the first of these points, I must emphasise the involvement of the union and its understanding that we needed to change, that we needed to take action. On the operational improvements front, besides what we did with our facility, we reached out to our customers. We had been in an ‘us-and-them’ kind of relationship with our customers up until then, and that changed. The financial restructuring was about securing more liquidity for the company as also reducing our interest burden.