SRF Polymers Ltd has been created following the demerger of the three businesses-Engineering Plastics,Fishnet Twines and Polyester Films from SRF Ltd with effect from 01.01.2001. The Engineering Plastics business caters to the Nylon engineering plastics requirements of companies in the automobiles,white goods,electrical goods,telecom cables,textile machinery and electronics sectors.The polyester Films business deals with products that are used by industries like packaging,metallising,cable and hot stamping foils.
Fishnet Twines is a niche business where as leaders in the branded segment,the company sells fishnets, fishing lines,spindles,tapes,nylon belts and straps as well as velcrotapes to end users in India,Sri Lanka,Uganda and Nigeria.
The engineering plastics business has been certified with QS9000 and ISO 14001 certifications. SRF's venture into Polyester Films is yet another extension of the group philosophy to strive to be the best. The financial year 1999-2000 was a turnaround year for Polyester Films business.The plant operated at optimum capacity and production at 3264 MT was 36% higher than 1998-99.The company has achieved significant improvement in input-output ratio with overall efficiency which was improved to 64% from 61% in 1998-99.
SRF has set up a new plant to cater to the Polyester Film business at the Export Promotion Zone in Indore,Madhya Pradesh,which has increased the capacity to 25000 Tonnes per annum.
SRF is India's leading manufacturer of high quality Fishnet Twines. It is being marketed under the brand name of Tuflon,SRF's Fishnet Twines match international quality and come in constructions of 210 Denier and 110 Denier yarns.The company also offers Fishnet Twines made from monofilament yarn.
The company has decided to set up a manufacturing facility for Fishnet Twine at Manali Industrial area in Chennai with the capacity of 1800 MT per annum at a cost of Rs.9.80 crores.