Incorporated on 12 Nov.'92, Global Boards was promoted by Raj Investments, Hong Kong, and the Saraf family. The company manufactures chrome boards, art boards and cast-coated boards with a total installed capacity of 40,000 tpa._x000D_ _x000D_ Chrome boards are mostly used by consumer durable / non-durable goods and the foods and pharma industry. Art boards are exclusively used in the graphic sector which embrace the entire spectrum of the printing and publishing industry -- greeting cards, magazines, books, journals, annual reports, playing cards, etc. _x000D_ _x000D_ The company came out with a public issue in Mar.'94 to part-finance the manufacture of chrome boards and art boards. Due to technical difficulties and suspension because of the plague epidemic, the project was delayed. commercial production commenced in Aug.'96._x000D_ _x000D_ The company has retained Jaakko Poyry Oy, Finland, for all technical services. It has entered into an agreement with Loong Chang Trading Company, Hong Kong, to supply 1200 tpm. _x000D_ _x000D_ The accumalated losses of the company has exceeded its net worth hence it has been declared a sick company and has been referred to the BIFR._x000D_