Polyspin Exports Limited is an India-based company. The Company is engaged in the manufacturing of polypropylene (PP) woven flexible intermediate bulk container (FIBC) bags. These bags are air permeable and are widely used in developed countries for packing vegetables. The company is a 100% export-oriented unit (EOU)._x000D_ _x000D_ Presently, the company is engaged in the manufacture of HDPE/PP woven, circular, flat and label bags and HDPE/PP polyknit bags. The plant of the company is located at Rajapalayam, Tamil Nadu. It has an installed capacity to manufacture 2,400 tons of PP woven FIBC bags._x000D_ _x000D_ Polyspin Exports was incorporated as a private limited company on March 29, 1985. It was converted into a public limited company January 19, 1993. During the fiscal year ended March 31, 2010 (fiscal 2010), the Company had a production of 26, 29,906 kilograms of PP woven FIBC bags. Polyspin USA Inc. is the Company_x0012_s wholly owned subsidiary. As of March 31, 2010, the Company had an installed capacity of 2,400 per annum of PP woven FIBC bags, paper bags, PP woven fabrics and yarn._x000D_