Finolex Industries Limited (FIL) has increased prices
of PVC resin and PVC pipes by Rs2,000 to Rs3,000 per
metric ton, following the upswing in the international
prices of polymers and feedstocks and the strong demand
company expects the demand for both the products to
be very strong in the coming months.
Finolex has already been witnessing a very strong demand
for its PVC pipes from various rural markets in India.
The company, which has been traditionally strong in
the southern and western markets, has, as a strategic
initiative, increased its distribution strength in north
company has reported a turnover of Rs291.03 crore for
the third quarter ended December 31, 2004, as compared
to Rs266.64 crore in the corresponding period of the
previous year indicating an increase of 9 per cent.
The net profit for the nine months of the current year
at Rs68.26 is higher by 26 per cent as compared to the
is the one of the largest manufacturer of PVC pipes
and third largest manufacturer of PVC resin in India.
FIL has ISO 14001 certification for ''environmental management
system'' for PVC and PVC
Pipes plants at Ratnagiri. The company has also been
accredited with the new ISO certification (IS / ISO
9001:2000) for PVC pipes plant at Pune and Ratnagiri.