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| We are often asked by people in India and across the globe: what binds Sintex together and
propels it forward? |
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| NEWS |
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Sintex Industries thru its subsidiary Nief Plastic France, acquired Poschmann having operations in Germany and Poland. With this acquisition, company has gained access to high-end technology and Poschmann top-class customers such as Porsche, Daimler, Bosch, ZF, ABB, Vorwerk, Grohe, Siemens, Danfoss, SKF, Wilo, Pierburg-Kolbenschmidt. Sintex intends to leverage customers in France and India and also take advantage of its low cost manufacturing basis in East Europe, North Africa and India. It will bring mutual synergistic benefits to Poschmann, Nief plastic and Bright AutoPlast towards sharing clients, processes, products and manufacturing bases.
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Mr. Sunil Kanojia Group President receiving the trophy from Mr. Tim love Vice Chairman Omnicom group, during the Brand Owner's summit felicitation ceremony held at Ahmedabad, being hosted by AFAQS the largest online advertising company". Sintex was amongst many other distinguished brands from Gujarat to be felicitated, like Nirma, Wagh Bakri, Zydus Cadilla, Adani Wilmar, Rasna, Amul, Ajanta and Vinni.
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Nief Plastic SA France receives yet another award from its very prestigious Client Schneider Electric in the "Fabricated Component Category". Seen here in picture are Mr. Orlandi (World supply Chain Manager), Mr. Giles Nief President CEO Nief plastic and Mr. Tricoire (CEO Schneider Electric Group).
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Sintex launched coffee table book titled: "SACHINDIA" capturing the most awesome moments of India winning the World cup 2011. This is an encore of our earlier coffee table book " Muqaddar ke Sikandar"launched post T20 2007 world cup momentous win. You see in picture Indian Legend Master Blaster Sachin Tendulkar launching the book with Mr. SB Dangayach Managing Director Sintex Industries Ltd.
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Bright AutoPlast received "Manufacturing Excellence of the Year award Trophy
2010-11" from Maruti Suzuki India Ltd and also received trophy for "Supplier
of the year 2010-11" from Mahindra Two Wheelers India Ltd. The awards were
received by the units at Sohna Gurgaon and Pithampur Indore respectively.
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In a recently held "13th International Business Horizon INBUSH 2011" at Amity university, Sintex was honored for its achievements on Quality and Safety to the highest focus and award was handed over by the Chairman Power Grid Corporation Ltd to Mr. Rajan Gulabani, Resident Director, on February 25, 2011, on the occasion of 13th Annual International Business summit and research conference at Amity University Campus NOIDA.
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Ahmedabad, 13 December 2010: Sintex Industries Limited ("Sintex", NSE: Sintex, BSE: 502742) today announced that it's wholly owned subsidiary, Sintex Infra Projects Limited ("SIPL") has signed a definitive agreement with Durha Constructions Private Limited ("DCPL" or "the Company") to acquire 30% ownership of the Company. As a part of the agreement that is inked with the current owners of DCPL, Sintex will be able to acquire majority ownership of the Company on pre-agreed terms on closing of current financial year, FY'2011.
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| The primary businesses of Sintex are building products, custom moldings and textiles. This investment shall help Sintex to grow and strengthen its monolithic and prefab business and also building an active presence in the Infrastructure sector, particularly the Engineering, Procurement and Construction (EPC) business that throws tremendous opportunities with robust growth in Indian economy.
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| DCPL is engaged mainly in the business of civil construction & mechanical construction work in varied infrastructure sectors including power, petrochemicals, cement from medium to large projects in both private and public sectors.. Delhi International Airport, Hyderabad International Airport, Indraprastha Power Station amongst others, is some of the prestigious projects that DCPL can claim in their credentials. DCPL has built an impressive client base including EPC giants such as BHEL and L&T where the company has done significant work in association with these companies.
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| DCPL has grown Revenues by over 40% annually over the past two years. For the year ended 31 March, 2010, DCPL reported Revenues of INR 1.5 billion and EBITDA of INR 252 million. The Company has an order book of over INR 7.5 billion across various Infrastructure sub-sectors.
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| Sintex has a long history of building successful strategic partnerships and alliances. After the strategic investment by Sintex in DCPL, the Company shall continue to be run by the existing management and help Sintex enhance its execution capabilities in Building solution segment besides other infra projects. Sintex shall play the role of a strategic partner and help the Company on various strategic, governance and investment resources matters.
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| Meghraj Capital Advisors Private Limited acted as Financial Advisors to Sintex Group for the transaction while MNK law offices acted as the legal counsel on this transaction.
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| VA Tech Finance (India) Private Limited was the Transaction Advisors for DCPL on this transaction.
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| Mumbai, March 26, 2010: Dun & Bradstreet (D&B), the world's leading provider of global business information, knowledge and insight, announced the Dun & Bradstreet - Rolta Corporate Awards 2008. The awards felicitated 53 of India's leading corporate names across sectors.
Sintex was honored with the Dun & Bradstreet - Rolta Corporate Awards 2009 in the Plastic and Plastic Products sector. This is the second consecutive year that Sintex received this coveted trophy.
The D&B-Rolta Corporate Awards 2009, closely tied to D&B's study on India's Top 500 Companies 2009, seek to recognize the twin virtues of size and growth in corporate India.
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| About Dun & Bradstreet - Rolta Corporate Awards 2009
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| The 'Dun & Bradstreet - Rolta Corporate Awards 2009' seeks to recognize and felicitate corporate India's leading companies from various sectors. The Awards event is closely tied to the publication, India's Top 500 Companies 2009. Therefore, the base universe of the companies considered for the Dun & Bradstreet - Rolta Corporate Awards 2009 comprised of the top 500 companies of India as covered under the publication.
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| Mumbai: Sintex Industries, a Gujarat-based company involved in building products, custom mouldings and textiles, has cut its capital expenditure for 2009-10 by around 35% due to the slowdown, said Amit Patel, managing director.
The company would be spending around Rs 325 crore next fiscal, down from its earlier target of Rs 500 crore. It spent Rs 370 crore in the fiscal ended March 31, 2009.
"We will be spending nearly Rs 150 crore in India to substantially increase the capacity in our prefabricated building segment," said Patel. Prefabricated, or prefab buildings, are those that consist of several factory-built components that are assembled on-site. Out of Sintex's 35 plants in India, five manufacture prefab buildings. The company plans to add another plant in Uttar Pradesh by 2010.
Patel said that Sintex would also spend around Rs 75 crore on Nief Plastic SA, a fully-owned French subsidiary, and Rs 50 crore each on Zeppelin Mobile Systems India and Bright AutoPlast India.
Sintex has seen demand from client industries such as automobiles, electricals, textiles and telecom sluggish in the past few months. However, it is betting big on its building products division, given the fall in material prices and consistent order inflow. To ride the slowdown, Sintex is planning to export semi-finished engineering, electrical and medical equipment to its overseas subsidiaries. "Starting December, we plan to export equipment worth nearly Rs 100 crore for the next couple of years." Sintex is best known for its water tanks. However, the company's focus on this business has been dwindling over the years.
"Though the water tank business is small, we don't intend to get out of it because it is the only area where Sintex binds directly with consumers," said Patel. He added that Sintex could use the water tanks' distribution network for its building products.
On foreign subsidiaries, Patel said the company is not looking at any further significant job cuts in them in the near future. The firm had cut 500 jobs at its American subsidiary, Wausaukee Composites Inc, in December and shut one of its four plants. |
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| Bright AutoPlast signs off Technical Assistance Agreement between BAPL & Daeji Metal Co Ltd (DMCL), Korea on the 10th February, 09. This technology transfer tie up for BAPL, herald’s a shift from conventional aesthetic part supplies to a critically functional system supplier. BAPL will manufacture and supply AIR INDUCTION SYSTEMS (AIS) for small cars, to begin with. BAPL has been mandated by General Motors India for supply of AIS for their prestigious “Global Mini Programme”. BAPL will look at replicating this business model across locations with varied OEM’s. |
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| Zeppelin Mobile System India recently added to its plant at Noida, state of art 13m x1.5 m four day light press with high pressure foam injection machine sourced from “KRAUSS MAFFEI” , GERMANY ,comparable to the best technology in the world. The combination is capable of making single, insulated PUF panels up to 250 mm thickness for Cold Management Systems such as Refer Vans, Cold Rooms, Cold Stores, Clean Room applications, mobile hospitals & PUF panels for Telecom shelters |
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CEPT University, Ahmedabad is considered as the leader in architecture, building science & technology, town planning and interior decoration. Sintex has been continuously working on several green products and solutions. Sintex has now teamed up with CEPT University and created chair for sustainable/green building materials and technologies, which will be essentially working on:
- Waste utilization
- Energy audit and management
- Energy conservation in design and maintenance, particularly the emerging area of
green buildings and sustainable design
- Environment planning and management
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| Super stardom does not come easy. And neither is it easy to enter the elite dub of country’s superbrands where household brand names rub shoulders. For a name that was once synonymous with water tank known to adorn rooftops, Sintex has gone much beyond. The name is now a superbrand, as per the second
Business Superbrands series issued by the Superbrands Council of India. |
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