Fiberweb India Ltd has received another export orders worth INRs 127 Million (US$ 1.76 Million). It is a matter of pride for young team from U.S.A. that their efforts have successfully resulted these orders. In USA and other countries the season has started early this year and this is the only second order of the Season. The order covers both products in the field of PPSpun Bond and Melt Blown Fabrics.
Due to research and development work done by the Company on its product and also preparing innovative converted products, the Company has been able to break through in the competitive market of U.S.A. with the orders of good profitability. The company produces Spun Bond Non Woven Fabric (Technical Textile) and its various converted products. There is continuous research and development and also improvement by which Company is able to get the value added products.
The company is pioneer in this field and being 100% EOU, largest exporter and a Star Export House. It has established its name as a quality supplier in the international market as it is ISO 9001: 2008, ISO 14001:2004, OHSAS18001:2007 and Oeko Tex Standard 100 Company.
The Melt Blown line is in operation since January 2018 and in short time it is very well accepted in the market. Due to demand far exceeding the supplies, the products are much in demand by the Customers at a much better price.
Mr. Pravin Sheth congratulated the team of Technicians and our US marketing team, for their continuous efforts. Though there is steep increase in crude oil prices, our raw material, Poly Propylene prices are also increasing but same is absorbed in the selling price and due to devaluation of Rupee the export is very attractive and profitable.
Shares of FIBERWEB (INDIA) LTD. was last trading in BSE at Rs.46.3 as compared to the previous close of Rs. 43.7. The total number of shares traded during the day was 34762 in over 259 trades.
The stock hit an intraday high of Rs. 47.7 and intraday low of 41.7. The net turnover during the day was Rs. 1590199.