Lahore November 2 2021: Treet Corporation Limited (TCL) has evaluated production enhancement project, which will increase the capacity of Hygiene Razors by 24 million razors per annum as per information shared by the company at Pakistan Stock Exchange (PSX).
TCL produced 2.09 billion blades and razors during the financial year 2021.
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Hygiene Razor is one of the fast growing products in Treet Corporation portfolio and its market demand is increasing very rapidly.
The project is underway and is expected to be completed during FY 2021-22.
Treet Corporation Limited (TCL) is a well-known and trusted name in the personal hygiene industry, engaged in manufacturing and selling of double edge shaving blades and disposable razors in Pakistan since 1954. Its Lahore and Hyderabad plants are operating under the supervision of professional management and competent teams to produce quality products for the customers.
Hyderabad plant produces carbon steel double edge blades under various brand names. Approximately, 70% of its production is consumed locally whereas remaining quantity is exported.
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Lahore plant is engaged in the manufacturing of variety of double edge stainless and carbon steel blades and disposable razors. Around 65% production of Lahore plant is sold in the domestic market whereas remaining quantity is exported around the globe in 6 continents of the world.
Current installed production capacity of both the plants is 2.23 billion blades and razors with Lahore and Hyderabad’s proportion of 60.5 % and 39.5 % respectively. In terms of value, contribution of Lahore and Hyderabad plants in total revenue of the division is around 79 % and 21 % respectively.
Initially, the full year budget for blades and razors for the year 2020-21 was set cautiously due to continuation of Covid-19 pandemic and its devastating effects noted during the previous year. The production targets were reviewed and the full year production forecast was revised upward in October 2020 and production processes were geared-up to accelerate the production pace accordingly. Maintenance of the plants was carried out as per plan/schedule for smooth operation, consistent product quality and controlled rejections.
The revised annual forecast for FY 2020-21 of 2,062 million blades and razors was not only achieved but surpassed by producing 2,094 million blades and razors despite slow start. TCL-Hyderabad achieved highest ever production during the year. The figure would have been even better if few production days were not lost due to steel strip shortage and extended Eid holidays.
Other key performance indicators were Overall capacity utilization of the plants was 93.90%, DE Blade yields were more than 93 %, Market quality complaints were only 4 in number, Customer satisfaction index (barbers) was 100% and Major electrical or mechanical breakdowns and accidents were reported NIL.
