Premier Polyfilm Ltd

Premier Polyfilm Ltd

Incorporated in Jul.'92 Premier Polyfilm (PPL) was promoted by A N Goenka and A K Surekha. The company tapped the capital market by making rights issue in May '95 to part-finance another calendering line at the existing factory premises with an installed capacity of 9600 tpa to manufacture wide-width PVC flooring sheeting PVC linoleum floorings canal lining leather cloth topping shower curtains and other PVC products.After expansion in Oct.'95 the total capacity was increased to 16200 tpa. In the new project the company manufactures special PVC films for lining ponds and canals to prevent water seepage. The company is the first in India to introduce this product. The company exports its products to the CIS countries Srilanka South Africa Burma and Bangladesh. The company proposes to enter new markets in countries like America Australia and Saudi Arabia. The company plans to export PVC fabricated items like shower curtains table covers suit covers etc which have much higher value additions.During 1999-2000 IDBI - the Operation Agency appointed by the BIFR is presently under consideration and finalisation of rehabilitation package for revival of the company. The Rehabilitation Scheme is likely to received soon.