| Rubfila in capacity expansion mode
Rubfila International Limited, a public limited company promoted by Rubpro of Malaysia and the Kerala State Industrial Development Corporation (KSIDC), is expanding its production capacity by 2500 tonne, that will take its total capacity to 8,850 tonne a year. Rubfila is the market leader in India in rubber threads and is also a leading exporter of the product from the country. Rubfila has started improving its turnover and profitability under the new leadership. The capital of the company has been restructured to Rs 21. A new management team was also put in place to lead the company out of troubles. The company ran into rough weathers during the course of time and started running at heavy losses and was referred to BIFR when the total net worth eroded. 68 Crore. 87 per cent. The company produces rubber threads for various applications like apparel, food packing, furniture webbing, bungee jumping, toys, medical netting, diapers and catheters. The company, which suffered a net loss of Rs 7. 77 crore in 2011 under the new management. The promoters had converted the loan into shares, thereby increasing their holding to 64. The company is targeting a turnover of Rs 250 crore in the next two to three years. 93 crore with a total turnover of Rs a hundred and one. 12 crore in 2008, has cloaked a net profit of Rs 2. Rubfila is the only manufacturer of silicon-coated rubber threads in India. The company has purchased 12 acre in Tamil Nadu and this'll be utilised for producing rubber and latex-based products, he said. In 2005, a brand new group of investors led by Bharat Patel stepped in as promoters. The production facility of Rubfila is fashioned to produce both TCR along with silicon-coated rubber thread (SCR). In 2011-12, the company has earned a net profit of Rs 9. |
Friday 18 May 2012
Rubfila in capacity expansion mode
