MMP Industries Ltd share Price

MMP Industries Limited was originally incorporated as a private limited company with the name `Semi Conductor Packages Private Limited` on October 8, 1973. Subsequently the name of the company was changed to `Maharashtra Metal Powders Private Limited` on October 18, 1984. Further, the Company was converted into a public limited company and consequently, the name of the Company was changed to `Maharashtra Metal Powders Limited` on December 28, 1994. Subsequently, the name of the company was changed to `MMP Industries Limited` on June 19, 2012. The Company is engaged in manufacturing of aluminium products at locations at and close to Nagpur. Its aluminium product range includes pyro and flake aluminium powders, atomised aluminium powders, aluminium pastes, aluminium conductors (all aluminium, alloy aluminium and aluminium steel reinforced). Aluminium powders (pyro, flake and atomised) are used in many industrial sectors like construction (AAC Blocks) and mining (Aluminised slurry explosives), agriculture (pesticides), defence (ammunition), fire crackers, railways (thermit portions) etc. Aluminium pastes are used in automotive, decorative and industrial paints. Aluminium Conductors are consumed by the power sector for laying of overhead transmission lines. The Company has entered into a Joint Venture with Toyo Aluminium K.K. of Japan for the manufacturing of specialty aluminium pastes in a new company ?Toyal MMP India Private Limited. The Company`s association with Global Industry leader ?Toyo Aluminium K.K., Japan would help in moving up the value chain alongside technological support. The Company holds 26% shareholding in this JV Company. The commercial production in this unit has commenced in February 2018. The Company set up its first capacity in 1983 for pyrotechnic aluminium powders in technical collaboration with A. Van Lerberghenv, Belgium (now called AVL Metal Powders nv). The Company has further entered into a License Agreement with A. Van Lerberghenv for the production of aluminium powder for light weight concrete. The agreement is a continuing one and has been extended till April 30, 2020 vide an addendum to license agreement. From a start up capacity of 300 MTPA in 1983 of pyro and flake aluminium powders, the capacity presently is 7,860 MTPA. In addition, Atomised powder capacity is 7,200 MTPA including for captive consumption and aluminium paste capacity of 1,500 MTPA. The aluminium conductor capacity is presently 7,200 MTPA. The Company is constantly adding more capacities for Powder and Conductors to meet the growing demand of its products. In addition, the Company holds shareholding in Star Circlips & Engineering Limited (26.06%). Star Circlips & Engineering Limited is the manufacturer of Circlips, retaining rings, washers, shims and formed components used in auto and auto component industries. With over 3 decades of experience the company has developed in depth ability to understand process related problems and fine tuning of its products to suit customer needs, which has carved a niche for the Company among its customers.