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Jalpac India Ltd.

BSE: 523230 Sector: Industrials
NSE: N.A. ISIN Code: INE976B01011
BSE 05:30 | 01 Jan Jalpac India Ltd
NSE 05:30 | 01 Jan Jalpac India Ltd

Jalpac India Ltd. (JALPACINDIA) - Company History

Incorporated in 1986 Jalpac India was promoted by Jalan Industries. It went public in Nov.'88 to set up a project in Nainital Uttar Pradesh and commercial production commenced in 1989. The company manufactures metallised polyester films and metallised paper / board. It is also into the manufacture of metallic yarn which is used in textiles as bordering zari (artificial zari).The company in 1995 became the first metallising and coating company in India to get the ISO-9002 certificate from Bureau Veritas Quality International (BVQI). Company has installed Metallizer in plant at Haldwani with General Vacumm Equipment U.K. in Jan-99 but it took longer time due to machines are not accordance with the contracted technical parameters. As a results project is still in trial run until all defect has been rectified. company's another Metallic Yarn project is more-or-less in place and desired capacity of 10 tones should be achieved shortly.During the year 1999-2000 due to the incurred net loss which has exceeded 50% of the peak net worth the company has become a potentially sick company though the installation of the new metallizer resulted in a substantial growth in production and sales.The company has utilized capacity to the extent of 88% and this has doubled when compared to the last two years.The company is exploring to further expansion in both the metallizing and costing areas.