Kingfa Science & Technology (India) Share Price

Kingfa Science Technology (India) Limited (Erstwhile Hydro SS Industries Limited), a Kingfa Group Company, is engaged in the business of manufacturing and supply of highquality reinforced Polypropylene Compounds, Cable Sheathing Compounds, Thermoplastics Elastomers, Fiber Reenforced Composites and Personal Protective Equipment (PPE) like mask and gloves. The Company was incorporated in November, 1983. In 199798, 1373130 equity shares were issued to M/s Hydro Polymers, UK, enabling them to hold 51% stake in the company.In 199394, it expanded by setting up a plant at Pondicherry, to cater to the increasing market demands. It commenced production at the Pondicherry plant in 1995. During 199697, it expanded its installed capacity from 6000 mt to 8500 mt. In context of the increased offtake of Polypropylene products an expasion capacity available in this division increased to 12,000 MT during the year 19992000.In 1995, the company was awarded the ISO 9002 certification from Det Norske Veritas, London, for quality systems at its Pudukottai plant.The expansion capacity project of 3500 Mts was commissioned at Pondicherry in 200001. The Company commissioned its capacity expansion work during the year 2005 at Pudukkotta. Apart from this, a 500 KW Wind Energy Generator was erected at Tenkasi, Tamil Nadu. The new mega extruder manufacturing facility was commissioned at Jejuri near Pune on 8th October 2008.The Company commenced supply of compounds for the NANO small car from its new facility at Pune in 2009. The Compounding Facility carrying an initial capacity of 6000 MTPA got commissioned at Manesar in March 2013. The Pudukkottai Plant Unit had ceased operation from May 2014 onwards during the year 201314. The operations of Engineering Plastics line of business was introduced in Pune during year 201415. The Company was renamed from Hydro SS Industries Limited to Kingfa Science Technology (India) Limited during the year 201516. The Companys newly set up Greenfield Manufacturing Facility was commissioned at Chakan, near Pune during FY 201920.