Wires & Fabriks (S.A) Ltd Share Price Textiles
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Incorporated in 1957 as Spinning Accessories Pvt Ltd, Wires and Fabriks (SA) assumed its present name when it went public in 1985. M P Jatia is the Chairman, and B K Khaitan is the Managing Director. The company manufactures wire mesh, and fourdrinier wire cloth of all kinds. In Nov.'92, it came out with a rights issue aggregating Rs 3.66 cr. The amount was raised to part-finance the modernisation of two of its weaving looms to produce higher-value-added multi-shaft double-layer synthetic fabrics. It entered into a technical collaboration with Hutter and Schrantz, Austria, for the same. As a part of its diversification process, it promoted Khaitan Paper Machines to rebuild paper machines, in technical collaboration with Neve Bruderhaus Machinen Fabrik, Germany. The company's products have made an entry into south-east Asia and Europe. In 1995-96, the company earned the distinction of being the first ISO 9002 company, in its field in India. Continuous in-house R & D has resulted in the development of new fabric design facilitated to offer products matching to specific customer requirements.It future plans include development of new fabric design, new products and new types of seams for fabric joints.