Today we are looking into one stock from Plastic Products sector, but this stock have huge unlock value for investors.
TAINWALA CHEMICALS & PLASTICS (INDIA) LTD
The Tainwala group has diverse production as well as marketing activities in its fold. The core competence of the group lies in plastics processing and marketing. The group has interests in fast moving consumer goods, consumer durables, industrial products, packaging and real estate.
Tainwala Chemicals & Plastics Ltd. (India)
The company started out by manufacturing household consumer utility products like ‘wet wipes’ and ‘mosquito repellants’. These products were launched under foreign technical collaborations with world leaders in their field like Storalene AB, Sweden and Sumitomo Corporation, Japan .
The company diversified into the plastics sheet extrusion in 1990. The company entered into a technical collaboration with Cincinnati Milacron, Austria for the manufacture of PVC Sheets .
In 1993 the company joined hands with another company Amut Spa, Italy for the expansion of its plastic sheet extrusion business.
The company's business of consumer products was subsidiarised into a new company, Tainwala Personal Care Products Limited in the year 1994, in order that better focus could be provided to the marketing of the products.
Company's primary activity today is plastic sheet and profile extrusion.
Samsonite South Asia Pvt. Ltd.
Samsonite South Asia Pvt. Ltd. was promoted by the Tainwala Group in a joint venture with Samsonite Corporation Limited, U.S.A. 40 % of the companies equity is held by the Tainwala Group, ( TAINWALA CHEMICAL HOLDS 10 % ),whereas the balance 60 % is held by Samsonite Corporation U.S.A. the company started operations in March 1997 .
The company, since inception has followed the stringent standards set by Samsonite worldwide in all areas beginning with plant layout, equipment selection, product selection and commercial production. The plant is situated at Nasik, about 120 kms. from Mumbai.
The plant is ISO 9000 and ISO 14000 certified. 80% of the companies production is exported worldwide including countries in North America, Europe, Asia, Africa and the Middle-East.