ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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ABS Industries

Kemrock Industries and Exports KEMROCK INDUSTRIES AND EXPORTS (KIEL) is a Baroda-based company that has successfully employed fibreglass composite technology to meet various specific product requirements. The company is entering the capital market on April 15 with a public issue of 315 lakh equity shares of Rs 10 each aggregating to Rs 31.5 lakh. Of this 7 lakh shares will be reserved for non-resident Indians on repatriation basis and 14.50 lakh shares will be offered to the Indian public. The public issue will part-finance the company's export-oriented project to manufacture tilled and reinforced plastics and other composites. The project with an installed capacity of 2,000 MTPA is being set up at GIDC Makarpura at a capital cost of Rs 550 lakh. The products will have application in areas of construction, automobiles, railways, electronics and in core sectors of defence, aerospace, atomic research, power generation, etc. Kemrock Industries has entered into a memorandum of understanding with Jillotson- Pearson, USA, to obtain various types of moulds and processes. The company plans to export its products to East and West Europe, USA, Japan, China, Russia, West Asia and Africa. The shares will be listed on the stock exchanges at Vadodara, Ahmedabad and Bombay.

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