News & Events
Indag to Expand
With an eye on exports and increased sales within the country, the Board of Directors of Indag Rubber Ltd. has approved capacity expansion of the main manufacturing facility at Nalagarh, Himachal Pradesh.
After expansion, the capacity of the plant will increase to 1500 tons of tread rubber every month. Further, the plant will now be able to supply 100 tons of bonding gum and 100 kilo liters of cement solution every month.
The board is confident that the increased capability will enable Indag to meet the growing demands from both the domestic and the international market.
Indag closes another Stellar Quarter!
In the recently concluded quarter (July – September ’09), Indag beat expectations and recorded another quarter of rising growth. Indag achieved this amid rising global prices of needed raw materials of Natural rubber and Polybutadiene rubber.
Indag recorded a rise of 9% in sales against last quarter sales and a 35% rise in profits after taxes. Compared to the quarter in the previous financial year, sales increased 36% and profit after taxes increased 168%.
Senior management attributed these results to the quality of the product that is supplied to its customers and managing its costs to supply the best available tread rubber.