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Haryana Leather Chemicals Ltd.

BSE: 524080 Sector: Industrials
NSE: N.A. ISIN Code: INE681F01018
BSE 00:00 | 16 Apr 31.15 1.15
(3.83%)
OPEN

31.50

HIGH

31.50

LOW

30.05

NSE 05:30 | 01 Jan Haryana Leather Chemicals Ltd
OPEN 31.50
PREVIOUS CLOSE 30.00
VOLUME 1626
52-Week high 34.05
52-Week low 18.05
P/E 7.91
Mkt Cap.(Rs cr) 15
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 31.50
CLOSE 30.00
VOLUME 1626
52-Week high 34.05
52-Week low 18.05
P/E 7.91
Mkt Cap.(Rs cr) 15
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Haryana Leather Chemicals Ltd. (HARYANALEATHER) - Company History

Incorporated on 22 Jan.'85 and commencing business on 22 Apr.'85 Haryana Leather Chemicals (HLCL) is promoted by N K Jain and the Haryana State Industrial Development Corporation (HSIDC). HLCL came out with a public issue in Sep.'88 to finance its Rs 4.67-cr project to manufacture a wide range of leather chemicals and auxiliaries (cap. : 1510 tpa). It issued right shares in Oct.'92 to finance the export-oriented expansion programme. Located in Jind Haryana it went on stream in Apr.'88. Leather chemicals are used for leather finishing. The company's products include fat liquors and finishing chemicals such as binders pigments waxes feel modifiers lacquers etc. It has entered into technical collaborations with two internationally reputed European companies -- A Smit and Zoon Holland for fat liquors and ICAP Industria Chimica Italy for finishing chemicals. It has entered into a collaboration with Forbo Helmitin Germany to manufacture speciality shoe adhesives.HLCL commenced commercial production of cross-linking acrylic binders in 1994-95 mainly for export. The company has decided to diversify into the field of high performance pressure sensitive adhesive for packaging industry for this a technology transfer agreement has already been executed by the company with M/s ICAP Sira Chemicals & Polymers SpA Italy. The company has also started manufacturing Polyurethane Lacquer for Synthetic Sole in collaboration with SIVAM Italy. During 1999-2000 the company has started production of PSA (Pressure Sensitive Adhesive) as per the agreement concluded with ICAP-SIRA due to this additional product range the capacity utilisation of Acrylic plant will be optimised. Technology transfer agreement has been concluded with M/s Vismon Barcelona Spain to meet with the demands of light weight and waterproof leather.In 2000-2001 the company has undertaken a major expansion to add synthetic tanning agent to its range of products in view of the emerging demand of the synthetic tanning agents.The new range of Fatliquor has been widely accepted. The company plans to produce syntans and hope to commence production by December2003.

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