Voith Paper Fabrics India Ltd. Company History and Annual Growth Details

The Company was established in Haryana on 20th June, 1968. The main objects of the Company is to manufacture industrial felts, filter and similar miscellaneous Industrial clothing from natural and synthetics fibres or flends thereof. The factory is located at Faridabad. The Company was promoted by Poritts and Spencer Ltd, U.K. Since the Company's promotion Porritts & Spencer Ltd., U.K. has become wholly owned subsidiary of Scapa Group Ltd., U.K.

2002

-Porritts & Spenser (Asia) Ltd has informed that Mr. Avinash Kumar Tiwari, Whole Time Director of the Company has resigned and Manoj Kumar Kapoor, Vice-President (Operations) and Company has been appointed as the Executive Director of the Company with effect from February 01, 2002.

2004

-Appoints Mr Manoj Kapoor as the Managing Director of the company

-Porritts and Spencer (Asia) (PSA), a part of Voith Paper, a group division of the German engineering giant Voith AG, has been awarded the ISO 18000 certificate for occupational health and safety management practices followed at its plant in Faridabad.

2005

-The Company has recommended a dividend @ 30%.

2006

-The Company has recommended a dividend @ 30% for the year

2007

-The Company has recommended a Dividend @ 30%.

2008

-Company name has been changed from Porritts & Spencer (Asia) Ltd to Voith Paper Fabrics India Ltd.

-The Company has recommended a Dividend @ 30%.

2009

-The Company has recommended a dividend @ 40%.

-The Company appointed Mr. Bob Burke as Additional Director.

2010

-Mr. Surinder Kumar Nagpal has been appointed as an Additional Director of the Board.

-The Company has recommended a dividend @ 30% i.e. Rs. 3/- per equity share of Rs. 10/- each (fully paid-up).

2011

-The Company has recommended Dividend @ 30% (i.e. Rs. 3/- per equity share of Rs. 10/- each fully paid-up).

2012

-The Company has recommended a dividend @ 30% i.e. Rs. 3/- per equity share of Rs. 10/- each, fully paid-up).

-Mr. Markus Johann Mader has been appointed as an Additional Director.

2013
-Voith Paper Fabrics India Ltd has recommended a dividend @30% (i.e. Rs. 3/- per equity shares.

2014
- Company has decided to extend the current financial year of the Company by six months.
- Mr R Krishna Kumar - Appointed by the Board of Directors as an Additional Director.

2020
-Voith Hydro awarded single-source contract for BC HydroÂs Bridge River Powerhouse II generator replacement.
-Voith Group successfully completes the acquisition of Toscotec S.p.A.
-Voith launches a project for intelligent hydropower in Australia.
-Voith successfully commissions the first two VECO-Drives.
-Voith introduces OnCare.Health IOLIS digital monitoring solution for variable speed couplings.

2021
-Voith Paper Webshop successfully enters the North East Asian Market.
-Voith introduces SafeSet EZi Â the newest generation of torque limiting couplings.
-Voith wins major orders for pumped storage plants.
-Voith launches new PU roll cover for press rolls.

2022
-Voith successfully completes the acquisition of all shares in Voith Hydro from former joint venture partner Siemens Energy.
-Voith Paper launches sustainability program "Papermaking for Life" and invests around 100 million euros per year to achieve the most sustainable and efficient paper production.

2023
-Voith introduces new Pluralis Hot Stock (HS) refiner fillings.

2024
-Voith Paper celebrates 10 years of BlueLine stock preparation technologies.

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article