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Garware Technical Fibres Ltd.

BSE: 509557 Sector: Industrials
NSE: GARFIBRES ISIN Code: INE276A01018
BSE 00:00 | 23 Oct 1140.00 0.40
(0.04%)
OPEN

1154.95

HIGH

1154.95

LOW

1128.70

NSE 00:00 | 23 Oct 1143.10 -4.15
(-0.36%)
OPEN

1173.80

HIGH

1173.80

LOW

1125.00

OPEN 1154.95
PREVIOUS CLOSE 1139.60
VOLUME 864
52-Week high 1268.00
52-Week low 966.70
P/E 20.14
Mkt Cap.(Rs cr) 2,494
Buy Price 1122.00
Buy Qty 1.00
Sell Price 1154.40
Sell Qty 10.00
OPEN 1154.95
CLOSE 1139.60
VOLUME 864
52-Week high 1268.00
52-Week low 966.70
P/E 20.14
Mkt Cap.(Rs cr) 2,494
Buy Price 1122.00
Buy Qty 1.00
Sell Price 1154.40
Sell Qty 10.00

Garware Technical Fibres Ltd. (GARFIBRES) - Company History

Incorporated on 1 Apr.'76 in Bombay, Garware-Wall Ropes was promoted by Garware Filament Corporation and Wall Ind. Inc, US. In 1987, Wall Ind. divested its shareholding which was taken up by the promoters. The company manufactures synthetic yarn, cordage, twine, fishnet webbings & polypropylene multi-filament yarn. It came out with a rights issue in Nov.'95 to part-finance the manufacture of synthetic cordage and fishnet webbings at Wai and the expansion of its capacity in Pune. The company entered into a technical collaboration with Toyo Kogyo, Japan, to manufacture fishnet webbing machines. It has decided to set up a subsidiary in the US. The company finalised a joint venture with a Danish company to set up a 100% EOU to manufacture braided wires. It has decided to diversify into the manufacture of heat-resistant rubber tension tapes and threads used in the garment industry. A plant at Manchester belonging to Rotunda, UK, is being dismantled and will be re-erected in Wai by Mar.'96. In domestic market, Company concerted efforts in reaching out to the end-users have not only resulted in the imporvement of market share, but also enhanced the brand equity enjoyed by the Company products. Company has opened branch office in USA which enable to obtain a strong foothold in the growth American market. The company has been awarded the Top Exporter Awards for the year 1998-99 during 1999-2000, both in "Fishnets/Fishing Line" and "Ropes" by `The Plastics Export Promotion Council'. The company has planned to develop Raschel nets for fish farming.