Voith Paper Fabrics India Share Price

Voith Paper Fabrics India Limited, formerly known as Porritts Spencer (Asia) Limited was incorporated on June 20, 1968, which changed the name of the Company to Voith Paper Fabrics India Limited on November 29, 2007. The Company is a subsidiary of VP Auslandsbeteiligungen GmbH which holds 74.04% paid up equity share capital of the Company. The Company is primarily involved in the business of manufacturing and trading of paper machine clothing for pulp, paper and board industry.The Company started operations in 1974. The company manufactures speciality engineered fabric called felt used in the wet and dryer sections of the paper board, pulp sheeting industries and in the wet section of the cement industries. The 10odd varieties of felts manufactured include wet and dryer felt, calendering and decatising felt, printing conveyors for textilefinishing machines, denimfinishing felt and spiral linked dryer fabric. The company has entered the field of technical textiles. PSAL has also appointed selling agents outside India. The company has obtained the ISO 9001 certification from TUV Cert, Germany. PSAL manufactures 100% filter fabric used for dry filtration, felt used for ironing clothes and geotextiles made out of 100% polypropylene used in laying railway track.During 19992000, due to the substantial acquisition of shares and takeover by Voith Bespannungstechnik GmbH Germany which is one of the world leaders in paper technology now stands as a major and controlling shareholder of the company.The Company has strengthened its positions as a fullline supplier of paper machine clothing (PMC), serving to diverse requirements of the paper industry. The Company possesses deep knowledge and experience in manufacturing industrial fabrics. The Companys focus on sustainable paper making is a key strength, with the evolving priorities of the paper industry and the increasing demand for environmental solutions. By supporting customers through resource efficient and performancedriven PMC products, the Company help improve energy efficiency, reduce water consumption and minimize waste, which helps in enhancing the changing market scenario. Backed by the technological expertise, strong research and development and support of the Voith Group, the Company has served the specific requirements of customers.