The 5-year analysis of Promact Impex Ltd's performance infers:
We analysed the performance of Promact Impex Ltd share prices over the last 10 years. Here is what we found out:
Promact Plastics was incorporated on March 26, 1985 as a private limited at Ahmadabad and subsequently converted into a public limited company vide a special resolution passed on February 15, 1993 and a certificate to that effect was obtained from the office of the Registrar of Companies, Gujarat on March 24, 1993.
The company is presently engaged in the manufacture of synthetic woven sacks of HDPE. Gujarat Industrial and Technical Consultancy Organization appraised the project. The
The company is presently engaged in the manufacture of synthetic woven sacks of HDPE. Gujarat Industrial and Technical Consultancy Organization appraised the project. The company started commercial production in the year 1986-87 with an installed capacity utilization of 81%. In 1989-90 the plant was enhanced by way of installing Tidied Tape time, increasing the instated capacity to 532 TPA.
The company was able to achieve 100% capacity utilization on the enhanced capacity in the year 1990-91. In 1991-92 the company added one more tapeline to increase the instated capacity has been able to achieve more than 100% capacity utilization on the increased capacity.
The main object of Promact Plastic is to provide better packaging material for commodities like cement, chemicals, fertilizers, etc. for this purpose it has been in search for new technology.