Josts Engineering Company Ltd Share Price Capital Goods-Non Electrical Equipment
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Jost's Engineering Company, incorporated in 1907,carries on the business of electrical and mechanical engineering, and holds agencies for American, British and other European manufacturers of electrical and mechanical engineering equipment. It is also engaged in the manufacturing of material handling equipment and other engineering products. In 1990-91, the industrial finishing division supplied a plant for painting marine containers. A new model of the Pygmy hydraulic pallet truck was introduced. In-house development of new diesel dork lift trucks incorporating the latest technology was successfully introduced in the market. The company is making efforts to create an export market for its products. The company formed Haden Josts Engineering India Pvt Ltd, a joint venture with Haden Drysys International, UK. During 1999-2000, Kerry Jost Engineering Ltd (KJEL) which the company is shareholder (35%) has suspened its manufacturing operations at Madras due to poor business prospects, lack of orders and non-availibility of working capital. The company ventured into Software activities to provide engineering solutions in the field of sound and vibration,data recording and gas monitoring. It has also signed an agreement with one of major principals to promote the software developed by the company .