You are here » Home » Companies » Company Overview » Garware Technical Fibres Ltd

Garware Technical Fibres Ltd.

BSE: 509557 Sector: Industrials
NSE: GARFIBRES ISIN Code: INE276A01018
BSE 00:00 | 24 Feb 2385.05 21.50
(0.91%)
OPEN

2465.00

HIGH

2475.00

LOW

2368.00

NSE 00:00 | 24 Feb 2385.00 23.50
(1.00%)
OPEN

2365.00

HIGH

2485.00

LOW

2361.25

OPEN 2465.00
PREVIOUS CLOSE 2363.55
VOLUME 4086
52-Week high 2569.00
52-Week low 872.50
P/E 27.72
Mkt Cap.(Rs cr) 4,918
Buy Price 2385.05
Buy Qty 12.00
Sell Price 2420.00
Sell Qty 20.00
OPEN 2465.00
CLOSE 2363.55
VOLUME 4086
52-Week high 2569.00
52-Week low 872.50
P/E 27.72
Mkt Cap.(Rs cr) 4,918
Buy Price 2385.05
Buy Qty 12.00
Sell Price 2420.00
Sell Qty 20.00

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.

.