IVP Ltd

IVP Ltd

Incorporated in 1929 IVP is a manufacturer of vanaspati vegetable oils plasticisers spark plugs foundry chemicals etc. Initially known as Indian Vegetable Products it was later taken over by the Atlanta group in 1985 from its owner Forbes Forbes and Campbell. Pioneering the manufacture of vanaspati in India in the thirties the company has diversified and added a host of products in the past several decades. In 1964 the company started the foundry chemicals division.In 1978 the company diversified into industrial ceramics and spark plugs. It produces hi-alumina ceramic products like spray-dried hi-alumina powder for spark plugs and ceramic industries hi-alumina thread guides for use in textile machinery and hi-alumina grinding media for the production of refractories paints cement and pharmaceuticals. The hi-alumina thread project was undertaken in collaboration with Fedmuhle Akg Germany. The company also manufactures plasticisers and paints. IVP entered into an agreement with Industrie Magneti Marelli Milan Italy for the production of automotive spark plugs. To improve the efficiency of the steel division the company has entered into an agreement with London and Scandinavian Metallurgical Company UK.In 1983 IVP made a breakthrough on the export front. Its overseas markets include the US the UK Germany Italy France Poland Czechoslovakia Malaysia UAE Saudi Arabia etc.During 2001 the company made a buyback of shares of 10326263 equity shares of Rs.10/- each at a price not exceeding Rs.22/- per Equity Share.