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Sil Business Enterprises Ltd.

BSE: 531890 Sector: Consumer
BSE 05:30 | 01 Jan Sil Business Enterprises Ltd
NSE 05:30 | 01 Jan Sil Business Enterprises Ltd

Sil Business Enterprises Ltd. (SNOWCEMIND) - Company History

Snowcem India Ltd(SIL) promoted by Killick Industries and G P Stevens in 1959 is engaged in manufacture of Cement Paint(both in Powder & Liquid form) and Resins at its factories at Chandivali(Maharashtra) Gotan(Rajasthan) and Gummidipundi(Tamilnadu). The company which is one of the pioneer in India to manufacture Cement specialities surface coatings concrete waterproofers and hardeners used in Building and Construction Industries has technical collaboration with George Lillington & Co of UK. The company manufactures a wide range of exterior paint products like Super Snowcem Sandtex Matt Cemprover Snowsol Impermo Hardcrete Cemix and Snowfilla. SIL operates a windmill at Muppandal Tamilnadu for Captive consumption and the surplus electricity is sold to Tamilnadu State Electricity Board.The company launched its water proof cement paint Snowcem Plus which was well received in the market. SIL plans to introduce new products like Snowplast (a comprehensive plaster made of white cement) Cullamix and liquid cement waterproofing compound. All Three of the company's plants have been recognized by ISO 9002 certification for its quality management system. Further the company has identified Bangladesh Nepal and Vietnam as the markets to set up new manufacturing plants. The increasing demand for the company's products has encouraged it to set up another manufacturing unit at Sinnar Maharashtra for powder and liquid products. During 2001-02 the company installed and commissioned 4 Wind Mills and the same is functioning well. The proposal of Strategic Marketing tie-up with Jensen & Nicholson Ltd for marketing its products could not pursued due to operational difficulties.The company has entered the capital market in early 1995 with a public issue of 2940000 Equity Shares of Rs. 10/- each at a premium of Rs. 90/- per share aggregating to Rs. 29.40 Crores to part finance proposed project.