Skipper has decided to shift the manufacturing facility of the Company situated at Ahmedabad Rajkot Highway, Rajoda, Bavla, Ahmedabad in the state of Gujarat to Madhabpur, Uluberia, Howrah, West Bengal by transfer of plant and machinery and other accessories probably within March 31, 2019. The Board of Directors of the Company at its meeting held on February 11, 2019 has decided the same.
The said plant belongs to the polymer division of the Company and is based on asset light model wherein the land building has been taken on lease and the plant and machineries belong to the company. The above shifting will reduce the fixed cost without reduction in overall capacities of the division which stands at 51,000 MTPA. The company will continue to serve the western market through dealers and distribution network supported by the sales & marketing team of the company.
Skipper is engaged in structural fabrication and manufacturing of mild steel and galvanized iron pipes, steel tubular poles, scaffolding and accessories and PVC pipes. Structural fabrication is the major contributor to the revenue of the company.
