29.16 -0.33(-1.12%)
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Sumeet Industries Limited, formerly known as Sumeet Synthetics Limited was incorporated on 1 Aug.'88 as a private limited company and was converted into a public limited company on 1 Feb.'92. The Company is the Manufacturer and Exporter of Polyester Chips, Polyester Filament Yarn (POY & FDY) and Polypropylene Multifilament Yarn. Its plant, in the Surat district of Gujarat, has an installed capacity to manufacture 2000 tpa of Polypropylene Multi-Filament Yarn in technical collaboration with Neumunstersche Maschinen Und Anlagenbau (Neumag), Germany. The expansion programme which was taken up in 95-96 to increase the installed capacity at a cost of around Rs.6 Crore was completed fully.During 1996-97, the company increased its installed capacity of Twisted yarn by 300 TPA. During 1997-98, the company has increased installed capacity of Polypropylene POY by 1000 TPA, it is also concentrating on export marketing.During 1998-99, company has increased the installed capacity of Twisted yarn by 1200 TPA & Polypropylene POY by 540 TPA.M/s Somani Industries (Nepal) Pvt Ltd has been established as subsidiary company in the year 2000-2001.The company has expanded the installed capacity of Texturised Yarn during the financial year 2003-04 by 600 Tonnes and with this expansi...