Fiberweb India Limited receives export orders worth $ 1.31 Mn

Fiberweb (India) Limited has received another export orders worth INRS 109 Million (US$ 1.31 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 earlier and this is the only second order of the season. The order covers our both products in the field of PP Spun Bond and Melt Blown Fabrics.

Due to research and development work done by the Company on the 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: 2015; ISO 14001:2015; ISO 45001:2018.

The Melt Blown Line is in operation since January 2018 and the products are very well accepted in the market.

Mr. Pravin V. 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. 32.19 as compared to the previous close of Rs. 32.44. The total number of shares traded during the day was 3681 in over 130 trades.

The stock hit an intraday high of Rs. 32.84 and intraday low of 31.79. The net turnover during the day was Rs. 119305.00.

Source : Equity Bulls

Keywords

FIBERWEBINDIA INE296C01020 ExportOrders OrderWin