VOITH PAPER FABRICS INDIA LTD-$

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BSE Code: 522122       NSE Code: VOITHPAPR

Business Profile
Business Profile
Porrits & Spencer (Asia) Ltd was incorporated in 1968. The company is engaged in the manufacture of industrial cloth, wet and dry felt, filter clothing of natural fibres and synthetics besides a range of paper and printing machinery at the unit in Faridabad.

Porrits & Spencer (Asia) is a 59 per cent subsidiary of the UK-based Porrits & Spencer belonging to the Scapa Group. Its only domestic competitor is Dinesh Mills. It is fairly protected from imports because of the duty structure. The products are mainly used in the paper industry. Felt is used in the wet and dry sections of the paper board and pulp sheeting industries. It is also used in the wet section of the fibre cement industries.

Porrits & Spencer (Asia) depends on imports for raw material requirements and is therefore vulnerable to foreign exchange fluctuations. The company came out with a public issue of equity shares only once in January 1971. Nearly 77 per cent of the present capital of Rs 4.39 crore comprises bonus shares.

Future Plans
Due to stagnant demand from paper mills (account for 80% of revenues), the company is turning its focus on geo-textiles for the railways (used in track preparation) and polyester-based filter fabrics for the cement and textiles industries.
Other Information
Annual Reports for VOITH PAPER FABRICS INDIA LTD-$
Annual Report YearDownload Annual ReportDownload Report Preview
2022-23
2021-22
2020-21
2019-20
2018-19
2017-18
2016-17
2015-16
2014-15
2012-13
2011-12
2010-11
2009-10
2008-09
2007-08
2006-07
2005-06
2004-05
2003-04
2002-03
2001-02
2000-01
1999-00
1998-99
1997-98
1996-97

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