The 5-year analysis of Euro Ceramics Ltd's performance infers:
We analysed the performance of Euro Ceramics Ltd share prices over the last 10 years. Here is what we found out:
Euro Ceramics incorporated in 2002; manufactures wide range of vitrified ceramic tiles, calcareous tiles, sanitary ware, bathroom tiles and concepts and aluminum extruded sections.
The company commenced its operation with an installed capacity of 35880 MTPA which later was increased to 44091 MTPA in December 2005. Companyâ€™s sanitary ware division has an annual capacity of 11000 MTPA.
The company has certifications such as ISO 9001: 2000, ISO 13006/EN 176 Group B1a and VJTI for
The company has certifications such as ISO 9001: 2000, ISO 13006/EN 176 Group B1a and VJTI for quality management. The company manufacturing unit is spread over on 120 acres of land located in Kutch district of Gujarat. It has employee strength 1090 people. Company also has undertaken research and development initiatives that conducts testing of raw materials, quality assurance, equipment testing and operates designing and screening laboratory.
Company runs 40 retail outlets spread across India under the brand name â€˜Euro Stiles Stationsâ€™ . The company has a global presence in countries such as US, U.K, U.A.E and Turkey are among others.
Manufacturing capacity of ECLâ€™s has an installed capacity of manufacturing capacity of 79,971 MTPA of vitrified ceramic tiles.
The company has an installed capacity of manufacturing capacity of 45,000 MTPA of calcareous tiles.
Company manufactures aluminum extruded with a capacity of 1,800 MTPA.
2002- In April the company was incorporated as a Private Limited Company.
The company entered into an agreement with SACMI, Italy to supply plant and machinery.
2003- The company started operations of its first phase of Vitrified Ceramic Tiles and Aluminum Extruded Sections.
Company received quality certification for its product from VJTI, Mumbai
2004- The companyâ€™s manufacturing plant received ISO 9001: 2000 certification.
The company entered into contract for supply of major plant and machinery and technical assistance from SACMI, Italy for expansion.
The company received quality approval for its product from Applied Consumer Services Inc. Finland.
In November, the company was converted into public limited company.
2005- In February, the company forayed and started operation of Jewellery Division
The company received accreditation as One Star Export House by Joint Director General of Foreign Trade, Govt. of India.
In November the company discontinued operation of Jewellery Division
Company started production of its expanded capacity of Vitrified Ceramic Tiles.
Euro Merchandise (India) became subsidiary of Euro Ceramics.
2006- Company commenced operation of 10 MW lignite based captive power plant.
Commencement of Gasifier
2008- The company acquired Euro Glass (EGL)
Euro Ceramics has laid out an Rs 575-crore expansion plan that is located at Ankleshwar for which the land has been already purchased. The facility is scheduled to start production from September, 2009.