Parekh Aluminex Eyes New AF Applications According to BAC Report11 Aug 2011 • by Natalie Aster
LONDON – Founded in 1994 and headquartered in Mumbai, Indian market leader Parekh Aluminex does not want to stop at what has been accomplished. The company considers new applications for its aluminum foil products, so new product lines can be set up in the following years.
There are plenty of opportunities added in non food applications of the AF:
- Decoration. Heavy aluminum foils can be used for decorative purposes and art crafts, especially when painted in vivid colors.
- Geochemical sampling. Aluminum foil is used by geochemists as a protective cover for rock samples found outside and brought to the laboratory, where the sample undergoes biomarker analysis.
- Polishing steel. Foil can be used to remove corrode from steel, it glazes steel surfaces when put in water and rubbed into steel. Aluminum foil is so soft it does not scratch the steel side.
- Ribbon microphones. Aluminum sheet can be used in ribbon microphones as a replacement for silver compound.
Company’s recent financial performance is more than satisfying to bear diversification plans. The last four quarters show constant growth comparing to the end of FY2009-2010, though in Q3 and Q4 2010-2011 there was a slight ductile in operating and net income. Overall performance improved by 13% in Q1 2011-2012 comparing to the same period in FY2010-2011.
Last four years’ trends reflect stable growth by 202%. Revenues and net income in March 31 2011 reflect a significant gain due to purchase of additional machinery and construction of a new plant. These new assets haven’t showed their full potential yet and are to further multiple company’s output.
Parekh Aluminex is an Indian-based manufacturer and exporter of Aluminum Foil Containers, and also the biggest manufacturer in Aluminum Foil and Aluminum Lids in India. During its ten years of development, is has won a leading position in India for its products, placing itself as one of the famed names in the entire sub-continent.
More details on the company’s current activities, weak sides and threats, future business trends and forecasts can be found in the report “Parekh Aluminex Limited Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: Parekh Aluminex Limited Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Jul, 2011
A fundamental overview of Indian Packaging and Containers Industry and the market situation can be found in the report “India Packaging and Containers Industry Comparative Analysis and Companies Ranking”
More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalog.
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