Plastech News

Jain Irrigations announced of receiving an order of $24 Million, in a filing made to BSE on Wednesday. The company titled as NaanDaan Jain Mexico is a subsidiary of Jain Irrigation Systems. The company has been awarded two contracts in Honduras. The overall value of these two contracts is US $ 23.77 million. As per the filing, the company will design, supply, install and commission the plastic pipe networks during the next 2.5 years. At least 6,000 farmers are expected to benefit from this project. The contracts were awarded by Ministry of Agriculture in Honduras. These projects would serve as models for Central American regions, and would align the company’s concept of “Resource to Root”. Jain Irrigations operates with more than 10,500+ associates, with manufacturing plants in 30 locations across the globe, and revenue of $1 Billion.  Jain Irrigation Systems Ltd ended at Rs 95.55, up by Rs 0.15 or 0.16% from its previous closing of Rs 95.4 on the BSE. The scrip opened at...

Prince Pipes and Fittings Ltd, a maker of PVC pipes for plumbing, irrigation and sewage works, has received regulatory approval for an initial public offering (IPO). Prince Pipes received approval from the Securities and Exchange Board of India on 3 November, taking the tally of companies that have received regulatory approvals for IPOs in 2017 to 39. Mumbai-based Price Pipes had  filed its draft  red herring prospectus on 27 September. The IPO size is Rs 700 crore ($106.5 million), according to the prospectus. The company will issue fresh shares worth Rs 500 crore and its promoters will sell shares worth Rs 200 crore. Prince Pipes joins a clutch of companies looking to go public to benefit from the stock market boom in India this year. The company will join listed peers Astral Poly Technik, Jain Irrigation Systems and Finolex Industries on the bourses. Jain Irrigation has gained roughly 25% this year while Astral Poly has jumped 92% and Finolex has climbed about...

When the founders of plastic pipe maker Ipex Group of Cos. came to Canada from then-Soviet occupied Estonia in 1949, they started manufacturing hula-hoops. Now they want to avoid getting hooped by cross-border trade restrictions. "The founders made their first million dollars within three years of coming to Canada, but they figured it might be a fad," says Veso Sobot, engineer and director of corporate affairs for the Mississauga-headquartered Ipex Management Inc. "So they straightened out the hoops and started making pipe." Today, Ipex has 18 plants in Canada and seven in the United States. "We supply the North American market with pipe for construction," Mr. Sobot says. Ipex makes thermoplastic pipe used in infrastructure for plumbing in buildings, factories and municipal water systems. "There's a lot of opportunity for supplying the infrastructure market in both Canada and the United States, and we've been doing so for 67 ...