Prima Plastics Share Price

Prima Plastics Limited was incorporated as a Public limited company on 17 November, 1993. The Company came out with a public issue in Apr.95. The Company is the leading manufacturers and exporters of plastic furniture products in India. At present, it operate nearly 7 production facilities worldwide out of which 4 Plants are operating in India at Daman (2), Kerala Ongole and other 3 operating globally at Cameroon West Africa and Guatemala Central America.The Company began its export business in 1996. It started manufacturing chairs and have since then expanded product to include Moulded Furniture, Pallets, Insulated box, Crates, Road Safety Products, Waste Management Products and others. Thereafter, it set up a factory at Daman, to manufacture plastic moulded furnitures and consumer durables like plastic chairs, dining tables, briefcases, overnighters, storage bins, etc, with an installed capacity of 3024 mtpa. The company source raw materials from Polyolefins India, Reliance and IPCL. For the first time in India, the company manufactured plastic dining tables through the straight injection moulding process. It also manufactured briefcases and overnighters without the use of metal.During 199798, the company has completed expansion project of Rs 10 crores to increase the production capacity by 2025 TPA.The company always brought new innovative furniture models for the ultimate comforts to the customer, it also first first moulded furniture company to introduce Highback chair and dining tables.The company has decided in principle to sell/ dispose its manufacturing facility at Unit I at Daman. The BOD has approved this proposal in its meeting dt. Jan 31, 2004.During 200405, the Company set up a a Joint Venture with the name, Prima DeeLite Plastics Pvt. Ltd. (PDPPL), to manufacture and cater plastic moulded furniture items and other consumer durable items to the Western African countries and as a result, PDPPL commenced its commercial production in July 2005.In 2016, the Company incorporated a 2nd International Venture by incorporating a subsidiary in Guatemala, Central America Prima Union Plastocis S.A. It launched the 4th Plant at Ongole, Andhra Pradesh.In 2018, the Company diversified the business into Rotational Moulding products (ROTO), launched the products on eCommerce Channels to increase the reach of products. The Company added 5th unit at Pithampur Plant, Madhya Pradesh in 2022. In 2025, the Daman Manufacturing plant increased the capacity by 7.5%. In FY 202526, the Rotational Moulding Business of the Company has been demerged into a new entity Prima Innovation Limited, making the Scheme of Demerger effective from March 31, 2026. As a result, shareholders have allotted one fully paid up equity share of Prima Innovation Limited for every share held in the Company in 2026.