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Futuristic Offshore Services and Chemical Ltd.

BSE: 500154 Sector: Industrials
NSE: GANESHANHY ISIN Code: INE418A01016
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
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Futuristic Offshore Services and Chemical Ltd. (GANESHANHY) - Company History

Incorporated in May '88, Ganesh Anhydride was promoted by the Ganesh group of industries and manufactures maleic anhydride with an installed capacity of 7000 tpa. Maleic anhydride is mainly used in polyester resins, agricultural chemicals, food preservatives, co-polymers, plasticisers, lubricating oil additives, as also in products made of fibreglass reinforced plastics (FRP) used in various industries including automobiles. The company's state-of-the-art plant at Tarapur, Maharashtra, was set up in technical collaboration with Scientific Design Company, US. The company introduced the downstream products of maleic anhydride namely fumaric acid (cap. : 3300 tpa), tetra hydrophthalic anhydride (cap. : 3000 tpa) and tetra hydrophthalic imide (cap. : 1500 tpa) in 1994. It also plans to develop other value-added downstream products like tartaric acid, succinic acid and their derivatives, to boost profits. Company has obtained ISO 9002 for its products and has been awarded "Certificate of Export House" by the Ministry of Commerce, Government of India. Company has been able to develop various downstream products of Maleic Anhydride a cyclical Commodity, to reduce the dependence on this product company intend to introduce more of its downstream product viz. Di-Ethyl Maleate (DEM) & Di- Butyl Maleate (DBM). The company has successfully tested products like Di-Octyl Sodium Sulfo Succinate,Di-Butyl Maleate,Di-Octyl Maleate.These products have been launched after examining economic viability.The exports made during the year have increased by 55.36% as compared to previous year. During the year 2003, the name of the company has been changed to Futuristic Offshore Services and Chemicals Ltd.