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Western India Plywoods Ltd.

BSE: 538415 Sector: Others
NSE: WIPL ISIN Code: INE215F01023
BSE 05:30 | 01 Jan Western India Plywoods Ltd
NSE 10:26 | 21 Jun 69.95 0.50
(0.72%)
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70.10

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66.00

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Western India Plywoods Ltd. (WIPL) - Company History

The Kerala based Western India Plywoods Ltd. is the largest integrated wood processing complex in the country. and was incorporated in the year 1945. It is engaged in manufacturing of Plywood Hardboard densified wood. The company also manufactures UF & PF Resins Resorcinol Formaldehyde Glass Reinforced Plastics Prefurnished Boards DAP resin and Monomer UV Top Coat and Base Coat.The Hardboard plant with an installed capacity of 12.5 tonnes was set up in 1959-60 with West German technical collaboration. Now this division with an total installed capacity of 34750 MTPA is the market leader in Hardboards.In 1978 WIP has set up a plant for manufacturing Di-allyl Phthalate (DAP) Moulding powder a thermoset which had to be imported until then The technology was developed in-house with support from Shree Ram Institute of Industrial Research Delhi.In 1989 the company put up a pre-finishing plant for direct printing wood grains and plain colours onto hardboards and plywoods using UV radiation cured surface finishes. The pre-finishing plant is the only one of its kind in the country and one of the few in the World. WIP is the first company to obtain ISO 9002 certification for Hardboards and pre-finished boards. In May2003 there was major fire accident in the factory which had destroyed substantial portion of the financial products and the machinery items and equipments. The company is taking severe steps in formulating aggresive marketing strategy especially for its premium products.