You are here » Home » Companies » Company Overview » Machino Plastics Ltd

Machino Plastics Ltd.

BSE: 523248 Sector: Industrials
NSE: N.A. ISIN Code: INE082B01018
BSE 00:00 | 27 Sep 120.55 -0.20
(-0.17%)
OPEN

118.50

HIGH

126.95

LOW

118.50

NSE 05:30 | 01 Jan Machino Plastics Ltd
OPEN 118.50
PREVIOUS CLOSE 120.75
VOLUME 1341
52-Week high 164.00
52-Week low 53.50
P/E 54.06
Mkt Cap.(Rs cr) 74
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 118.50
CLOSE 120.75
VOLUME 1341
52-Week high 164.00
52-Week low 53.50
P/E 54.06
Mkt Cap.(Rs cr) 74
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Machino Plastics Ltd. (MACHINOPLASTICS) - Company History

Machino Plastic (MPL) a joint venture between M D Jindal (31%) Maruti Udyog (15.5%) and Suzuki Motors Japan (15.5%) was set up in 1987 with two injection moulding machines. MPL manufactures bumpers instrument panels and radiator grills primarily for Maruti. Its principal customer Maruti Udyog plans to increase its production of cars to 275000 in 1995-96 and to 330000 in 1996-97. As a single source supplier MPL will meet this increasing demand by adding one more 1600-tonne machine in 1995-96.The company is also setting up a plant for backward integration to manufacture engineering plastics for captive as well as external demand. The capacity of 4000 tpa in the first phase will be upgraded to 10000 tpa. For this MPL has entered into a technical collaboration with Himont Incorporated US.During the year 1999-2000 the company has been chosen for supply of bumpers and dashboards for Wagaon-R a new model introduced by Maruti Udyog.By choosing the sole supplier of bumpers and dashboards for 'Wagon-R' the company has acquired moulds for these new models on lease from ICICI and SBI leasing.The total value of these moulds is about Rs.32 crores.

.