Thursday, 10 October 2013

Time Technoplast gains on launching Composite Cylinders for LPG distribution

The promoters holding in the company stood at 61.89% while Institutions and Non-Institutions held 19.05% and 19.09% respectively. Time Technoplast has launched India’s first Composite Cylinders for LPG distribution. The company has received the necessary approvals Petroleum and Explosives Safety Organization (PESO) for Composite Cylinders. Further, the company has successfully commenced commercial sale to most reputed private sector LPG distribution Company in Western India.

Time Technoplast has become the first and only local manufacturer of Composite Cylinders for LPG distribution in the country. PSU Oil Companies and other parallel marketers of LPG have evinced huge interest in Composite Cylinders. Company currently has ongoing order for further supplies of Composite Cylinders in India and overseas and is likely to secure additional orders which are in the pipeline.

Time Technoplast is the leading plastic product company based in India and is engaged in manufacture of technology based innovative products in the space of industrial packaging, infrastructure, lifestyle , automobile, healthcare , material handling and composites. It has expanded its operations outside of India in UAE, Bahrain, Thailand, China, Taiwan and Indonesia. The company is also expanding its operations in South Korea, Vietnam, Turkey and Egypt.

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