Oriental Aromatics Ltd Share Price

Description

• Incorporated in Mar.`61 in Maharashtra, Camphor and Allied Products started manufacturing camphor in 1964, with technical know-how from E I Dupont de Nemours & Company, US. It manufactures camphor, expanded polyethelene and related products like resins, turpentine and resin derivatives from oleo pine resin. Camphor is extensively used in households and industries. It finds application in medical preparations such as pain relieving balms, inhalers and ayurvedic medicines. It is also used to make moth-balls. Merged with Profeel Sentinel in 1988, it diversified to produce speciality high-efficiency polymer foams for packaging, industrial and consumer applications. In 1992, it amalgamated with a group company, Pine Chemicals, which manufactures turpentine and resin (raw materials for camphor). It came out with a right issue in Oct.`92 to upgrade, modernise and enhance production facilities. Company has set up new plant at Baroda which is in advance stage of implementation to manufacture high value performance chemicals for use as intermediates in manufacture of fragrance chemicals and for fragrance blends in soap, detergent and cosmetic industry & expected to commence in Sept-1999. The company`s new plant at Nandesari, Vadodara to manufacture high value performance chemicals for use in manufacture of fragrance chemicals, was commissioned for commercial production in Nov.`99. The installed capacity of Perfumery Chemicals has increased from 500 MT to 850 MT in 2000-2001. The company`s subsidiary company `Mulberry Investment & Trading Ltd was amalgamated with the company w.e.f 1st April,2001.

• Incorporated in Mar.`61 in Maharashtra, Camphor and Allied Products started manufacturing camphor in 1964, with technical know-how from E I Dupont de Nemours & Company, US. It manufactures camphor, expanded polyethelene and related products like resins, turpentine and resin derivatives from oleo pine resin. Camphor is extensively used in households and industries. It finds application in medical preparations such as pain relieving balms, inhalers and ayurvedic medicines. It is also used to make moth-balls. Merged with Profeel Sentinel in 1988, it diversified to produce speciality high-efficiency polymer foams for packaging, industrial and consumer applications. In 1992, it amalgamated with a group company, Pine Chemicals, which manufactures turpentine and resin (raw materials for camphor). It came out with a right issue in Oct.`92 to upgrade, modernise and enhance production facilities. Company has set up new plant at Baroda which is in advance stage of implementation to manufacture high value performance chemicals for use as intermediates in manufacture of fragrance chemicals and for fragrance blends in soap, detergent and cosmetic industry & expected to commence in Sept-1999. The company`s new plant at Nandesari, Vadodara to manufacture high value performance chemicals for use in manufacture of fragrance chemicals, was commissioned for commercial production in Nov.`99. The installed capacity of Perfumery Chemicals has increased from 500 MT to 850 MT in 2000-2001. The company`s subsidiary company `Mulberry Investment & Trading Ltd was amalgamated with the company w.e.f 1st April,2001.