Supreme Industries Ltd Share Price Plastic products
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Incorporated in 1942 at Wadala, Mumbai, Supreme Industries (SIL) was promoted by the family of Kantilal K Mody. In 1996, the Taparia family took control of the company through outright purchase of shares. SIL has been consistently increasing its capacities in the plastics processing industry. Today it has one of the largest plastic processors in the country, with a product range catering to both, the industrial and consumer segment. Over the years, it has gone into almost all segments of plastic products and put up plants at various locations in the country. It manufactures injection-moulded items, extruded items, industrial moldings, crates, furniture, polyethylene foam and polypropylene foam, PVC pipes and fittings, multi-layer sheets and products thereof, and multi-layer films.The company's operations are undertaken from Calcutta in West Bengal, Hosur in Tamil Nadu, Jalgaon and Kanhe in Maharashtra. The company came out with a rights issue in Jul.'93 to expand and upgrade its products and plant equipment. Its products are used as components in automobile parts; in material handling as crates/boxes; and in furniture as tables/chairs. In the refrigeration industry, they are used as doors/panels, and in the packaging industry for packing edible and hydrogenated oils. The company bought assets of Litelon Pvt. Ltd. in 1996 and Camphor Allied Products in 1998 that were manufacturers of protective packaging products. In 2000, it sold its wholly owned subsidiary Premier Lighting Industries. Supreme Oriented Films and Supreme Vinyl Films was amalgamted with the Supreme Industries Ltd with the prior approval from the shareholders. The move is to conslidate the groups plastic packaging business under one company and also to consolidate its marketing operations. Both the company shareholders were allotted shares in the ratio of 1:90 for SVFL and 1:22 for SOFL. Siltap Chemicals Ltd amalgamted with the company during the year 2002-03. The ratio is fixed at 1:2 in favour of Supreme industries.