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Premier Vinyl Flooring Ltd.

BSE: 500334 Sector: Industrials
NSE: PREMVINYL ISIN Code: N.A.
BSE 05:30 | 01 Jan Premier Vinyl Flooring Ltd
NSE 05:30 | 01 Jan Premier Vinyl Flooring Ltd

Premier Vinyl Flooring Ltd. (PREMVINYL) - Company History

Incorporated in Jan.'82 at Kanpur, Uttar Pradesh, Premier Vinyl Floorings (PVFL) was promoted by O N Goenka, his family members and associates. The company manufactures vinyl floor coverings, sheetings, film and coated fabrics upto a width of 2 mtr and a minimum thickness of 0.08 mm, with an installed capacity of 18,000 tpa. The products have both industrial and non-industrial applications in floor coverings, stationery items, rainwear, table cloths, wall covering, travel goods, shoe uppers and upholstery in the transport sector. PVC calendered products have inherent advantages such as greater economy and higher durability, washability, weather resistance, printability, permanent shine and light weight. The company is selling its products under the brand name Wonder Floor. It came out with a rights issue in Dec.'92 at a premium of Rs 15 to part-finance an expansion plan to manufacture PVC flooring, sheeting and films. The demand for the company's products is increasing steadily and it continues to be the market leader in flexible PVC flooring products. Major diversification plans are under consideration for which the company will be approaching financial institutions for term loans. During 1996-97, the total foreign exchange earnings of the company amounted to Rs 85.06 cr.