Data is not available for this company.
Data is not available for this company
Spartek Ceramics India was incorporated on March 9, 1983 and is engaged in the manufacture of tiles. It is part of the Spartek Group, which also includes Stiles India.
The company operates through its divisions of tiles and granite and has manufacturing facilities located at Chittoor in Andhra Pradesh and Tiruvallur in Tamil Nadu respectively with capacity to produce glazed, unglazed, acid resistant, and granite floor and wall tiles. In collaboration with Ceramics (USA), a series of
The company operates through its divisions of tiles and granite and has manufacturing facilities located at Chittoor in Andhra Pradesh and Tiruvallur in Tamil Nadu respectively with capacity to produce glazed, unglazed, acid resistant, and granite floor and wall tiles. In collaboration with Ceramics (USA), a series of ceramic floor tiles were manufactured.
Marketing capabilities have been established in Chennai, Coimbatore, Madurai, Hyderabad and Bangalore and in other places across India with a network of more than 250 dealers countrywide. It is presently suspended from the BSE on account of non-compliance with listing agreement clauses.
1983 - The company was incorporated on March 9, and the certificate of commencement of business was obtained on August 22. It was promoted by Krishna Prasad Tripuranani is association with several non-resident Indians. The main objective of the company is to manufacture glazed and unglazed wall and floor tiles. The company entered into a financial and technical collaboration with Ceramic US, US Ceramic Tile Co Inc, Ohio, USA for the manufacture of ceramic wall and floor tiles. The technology being used for the first time in India replaced the traditional double firing system by single firing process.
1986 - The company introduced 30 new colours and designs during the year. Necessary approvals for doubling of capacity were received. Balancing equipment was installed in the granites division to increase the output of polished tiles.
1988 - The company undertook to set up a 100% export oriented unit under the name of Spartek Granites (SGL) for the manufacture of ceramic tiles. The management group associated with Spartek Ceramics (SCL) acquired the controlling interest in Neycer India, Ltd. (NIL), a potentially sick company in terms of Section 23, Sick Industrial Companies (Special Provisions) Act, 1985. NIL was sanctioned financial assistance by financial institutions, with ICICI as the lead institution for modernisation and revamping of the manufacturing units of NIL.
1991 - A fresh evaluation of the financial scheme was being made by ICICI because of increase in loan liabilities due to foreign exchange fluctuations and revision of interest rates.
1992 - The granites division came out of its earlier problems with regard to unpolished tiles and the product acceptance in the international market was reported to be good. A new company by name Spartek Fine China was incorporated for implementing tableware project at Rajahmundry district of AP.
1993 - Due to non-availability of gas, the location for the new project was changed to Mamanduru near Tirupati.
1994 - In December, machinery to overcome the initial teething technical problems was installed. With the new excise policy permitting conversion of EOUs for domestic tariff area, the division proposed to take necessary permission to sell in Indian market.
1995 - Stiles India started producing greater volumes while Spartek Ceramic factory is revamped and equipped to produce the high margin products. Steps are taken to change the status of the Granite Division from EOU to a domestic supplier.
1996 - The Granite division was closed during the year. The granite unit obtained permission in December for debonding from the status of 100% EOU to domestic unit. The unit was fully geared up to re-commence production in the first quarter of 1998.
â€¢ Neycer India
â€¢ Granite division â€¢ Tiles division
â€¢ Oberoi group of hotels â€¢ Taj Bengal â€¢ Airport Authority of India â€¢ Madras Medical Mission â€¢ Airport-Port Blair at Andaman and many others.