43.94 -0.97(-2.16%)
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Fiberweb (India) Limited (formerly known PVD Plast Mould Industries Limited) was incorporated on 22 Oct.'85. The company was initially promoted by the Kanakia family and thereafter Pravin V Sheth and Sudhir V Sheth joined the promoters. The name of the Company was was thereafter changed from PVD Plast Mould Industries Limited to Fiberweb (India) Limited on 26th June, 2004. The Company is engaged in manufacturing of Spunbond and Melt-blown Nonwoven Fabrics from Polypropylene. Prior to this, it was engaged in manufacturing and exporting of injection Moulded, Blow Moulded and Roto Moulded products on German machinery along with the Garbage bags and Carrier bags.With the growing global demand for non-woven fabrics and to de-risk the existing business model, Fiberweb decided to diversify into the non-woven business in early 90's. The Company established its flagship unit for Spun Bond Nonwoven Fabrics. It came out with a rights issue at a premium of Rs 15 aggregating Rs 8.75 cr in Nov.'93. The object of this issue was to part-finance the proposed modernisation-cum-diversification scheme. The total project cost was estimated at Rs 10.50 cr. The company's products include jerry cans, caps, lids, gate valves, foot valves, crates, water tanks and vessels. It also has two 100% expo...