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Purity Flex Pack Ltd.

BSE: 523315 Sector: Industrials
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Purity Flex Pack Ltd
NSE 05:30 | 01 Jan Purity Flex Pack Ltd

Purity Flex Pack Ltd. (PURITYFLEXPACK) - Company History

A company in the field of flexible packaging, Purity Flex Pack was incorporated as a private limited company in Mar.'88. It became a public limited company in Nov.'89. It was promoted by Tapan T Patel and associates. The company has a technical collaboration with Lawson Mardon, UK. It came out with a public issue in Apr.'90 to set up a project for the manufacture of 1300 tpa of multilayer barrier films by plastic lamination process at Baroda, Gujarat. Commericial production commenced in 1990. In 1991-92, the company expanded the installed capacity to 2600 tpa, to part-finance which, it came out with a rights issue. Its reputed clientele includes Godrej, Tata Soap, Brooke Bond Lipton, Polar Latex, etc. Company could achieve better contribution due to inputs on modernisation, mainly on printing as well as material handling facilities. Company still contiunes on strong productivity & technical input that gained higher share considerably in Speciality Product Area. Company also worked out with Supplier Base to effectively manage the raw material price & reducing inventory cost which has brought tighter control over the manufacturing expenses, which will result into further more market share to the segment. During the year 1999-2000, the company has tied up an arrangement with TATRAPACK, a multinational company for securing its order for packaging for all its domestic requirement.