Fineotex Chemical Limited has earned the prestigious ECO PASSPORT by OEKO-TEX® certification, the highest rating in the globally renowned audit that measures standards of sustainability. The green rating has been awarded by Hohenstein, an independent and and neutral renowned testing system that is globally recognized.
ECO PASSPORT by OEKO-TEX® is an independent certification system for chemicals, colorants and auxiliaries used in the textile and leather industry. During a multistep process, the international agency analyses whether each individual ingredient in the chemical product meets the statutory requirements.
"With this independent certification, FCL's products demonstrate the sustainable approach they have adopted, thus instilling confidence in procurement and encouraging trust in our products and practices," said Ms Aarti Jhunjhunwala, Executive Director of Fineotex Chemical Limited. ECO PASSPORT comprises of a comprehensive approach for the handling of chemicals and is thus a pioneer for "Green Chemistry".
Mr Arindam Choudhuri, CEO of Fineotex Chemical Limited said, "It is with immense pride that we receive this certificate. The ECO PASSPORT certification by Hohenstein Institute, Germany, is a validation of FCL's strong belief system that responsible manufacturing is not a priority, but the core DNA of all our formulations and products. FCL's products lend trust and confidence that every product is hallmarked for safety and free from harmful substances."
The tests also check for any element that may be harmful to human health. The certificates instill confidence and help consumers make informed purchasing decisions. Products that are awarded OEKO-TEX® reflect that on the one hand textiles and leather products have been tested for harmful substances, and on the other ensure that textile products have been manufactured in an environmentally-friendly and socially-responsible way. In doing so, Hohenstein provides effective consumer protection and transparent information about sustainable, responsible production along the textile supply chain.
Both, brands and manufacturers value the ECO PASSPORT certification as a credible proof of sustainable textile and leather production. The label also gives proof of which articles meet the criteria for ecologically-responsible textile and leather manufacturing.
The comprehensive audit is a three-step process: the product components declared are checked against the list of harmful chemicals, an analytical laboratory test is carried out in the second step. This ensures that the certified chemicals can be used in the sustainable production of human ecological optimized textiles and leather articles. Later, there is an on-site visit to check the working conditions, environmental management and safety standards.
Shares of Fineotex Chemical Limited was last trading in BSE at Rs. 128.7 as compared to the previous close of Rs. 133.65. The total number of shares traded during the day was 377167 in over 3787 trades.
The stock hit an intraday high of Rs. 136.1 and intraday low of 124.5. The net turnover during the day was Rs. 49601866.