Ahmedabad, 05th August, 2015 : 12th National Award for Excellence in Cost Management under the category of Private-Manufacturing: Organization (Medium) has been conferred upon Milacron. The award was handed over by Colonel Rajyavardhan Singh Rathore, Minister of State for Ministry of Information and Broadcasting to Vinod Bhalavat (CFO) and Rajendra Sharma (AGM-Finance) of Ferromatik Milacron India.
Ferromatik Milacron India has initiated various practices like, 5S Initiative, Productivity Improvement, Six Sigma, Material Movement Cost, Energy Conservation and Water Conservation, to achieve cost reduction. Vinod Bhalavat stated, “Various start-ups towards the achievement of Cost Management is not only helping us to save resources but also creating a long term sustainable environment. The overall reduction in cost also allows us to pass on the benefits to our customers.”
The Institution of the National Award for Excellence in Cost Management was formed in 2003. The endevour of the Institute is to propagate and emphasis on wider application of Cost Management tools and technique and adoption of relevant Cost Management Strategies across various sectors for improving competitiveness of industry.
Milacron is a global leader in the manufacture, distribution and service of highly engineered and customized systems within the plastic technology and processing industry. Milacron is the only global company with a full-line product portfolio that includes hot runner systems, injection molding, blow molding and extrusion equipment.
Ferromatik Milacron India (FMI), part of Milacron Group, is the leading manufacturer of Plastics Injection Moulding Machines, Blow Moulding Machines and Extrusion Systems in India, serving the entire gamut of Plastic Applications in 40 countries across the world in SAARC, Middle East & Africa including USA. Established in 1995, FMI offers today the Full Range of Injection Moulding Machines from 50 Ton to 3200 Ton with capacity to manufacture 2100 machines per annum and a PAN India Sales & Service Offices in major cities and industrial towns of the country. It is accredited to the Export House Status and is an ISO 9001:2008 and ISO 14001:2004 certified company adhering to World Class Quality Standards. For more information, visit www.milacronindia.com