Incorporated in 1982, Kabra Extrusion Technik (KETL) was set up with the objective of manufacturing twin screw extruder machines, complete with downstream facilities for the manufacture of PVC pipes, profiles, sections and granules in technical collaboration with Battenfield Extrusion Technik, Germany. The company commenced commercial production at Vapi in late 1985 and subsequently used its own know-how to start making cheese winders required by the PP/HPPE tape plants. It entered into a technical collaboration with UNICOR Rahn Plastmachinen, Germany, to manufacture and market corrugators and lay flat machines. Corrugators are used to make corrugator pipes, lay-flat machines find application in drip irrigation._x000D_ _x000D_ Ever since its public issue in May '89, KETL has shown attractive growth in sales and net profit. The company also set up a plant at Daman to create additional facilities for existing products so as to manufacture machinery for HDPE pipes. This unit went on stream from Feb.'95._x000D_ _x000D_ KETL has entered into a joint venture agreement with Georg Sahm, Germany, and incorporated Kabra Georg Sahm winders for the manufacture of precision winders for PP/HDPE tapes, for woven sacks. The company also participated in a big way in the Plastindia'97 Exhibition held every three years in New Delhi. KETL having subsidiary of "Kabra George Sahm Winders Ltd" during the year 1998-99._x000D_ _x000D_ During the year 1999-2000, the company entered into a new collaboration agreement with Battenfeld Extrusionstechnik GmbH, for manufacturing Twin Screw Plastic Extrusion Machinery BEX - 2 series along with post extrusion equipments._x000D_ _x000D_ The company had issued bonus shares during the financial year 2003-04 and subsequent to the bonus issue,the paid up equity of the company has risen to Rs.6.86 crores._x000D_ _x000D_ During 2003-04,Kabra Winders Limited ceases to be a subsidiary of the company since the dilution of equity holding from 74.90% to 29.30% in that company._x000D_