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Balmer Lawrie Freight Containers Ltd.

BSE: 500037 Sector: Industrials
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Balmer Lawrie Freight Containers Ltd
NSE 05:30 | 01 Jan Balmer Lawrie Freight Containers Ltd

Balmer Lawrie Freight Containers Ltd. (BALMERLAWRFREI) - Company History

A joint venture between Balmer Lawrie & Co and two foreign partners Balmer Lawrie Freight Containers was incorporated in the 1994. It manufactures marine freight containers at its 100% EOU at Madras Export Processing Zone (MEPZ). Company is lead by C V Chandrasekharan as chairman and H Shankar as managing director.Commercial production commenced in Sep'95. In this joint venture Balmer Lawrie & Company holds 49% stake; Okular & Co Japan holds 5% stake and Techtrans Technology Transfer Engineering Germany (a subsidiary of Habatec) has a 4% stake. The tie-up with Okura is for sourcing equipment.The company entered into a collaboration agreement with Habatec Containers Germany to manufacture reefer containers for which the facility at MEPZ would be made use of. It has a buy-back agreement with Habatec to market half its annual production.During the year 1999-2000 due to the continued depression and drop in demand from the customers the company has become a Sick Industrial Company and has been registered by BIFR.

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