History of Amco India Ltd.

AMCO VINYL LTD. was in corporated on 27th August 1987 as a private Limited company, & was converted into a public limited Comp. on 30th day of August 1993, Fresh certificate of conversion into public limited Comp. was issued on 7th day of February 1994.

The Comp. started its business activities by setting up a plant for manufacturing of PVC films & sheeting with an installed capacity of 4000 M.T. per annum at plot No. C-54 sector 57 Noida U.P. The project was appraised by PICUP & the same was financed by PICUP and UPFC to the tune of Rs.108.45 lakhs & Rs.33.00 lakhs respectively. The Comp. started its manufacturing activities from August 1991.

Simultaneously in 1991-92, steps were initiated to setup another unit at its adjoining plot no.C-53 sector 57 Nodia for manufacturing of his quality PVC flooring, with an installed capacity of 12 Lakh mtrs. per annum on the basis of 3 shifts per day and 300 working days per annum. The unit [no.IIs] has also started its commercial production from October 1994. This project was also appraised by PICUP & has been financed by PICUP to the tune of Rs.114.95 lakhs against its sanctioned loan of Rs.122.50 lakhs.

After successful commissioning the PVC Flooring Plant [Unit IIs] the Comp. decided to setup a 'METALLIZED FILM' unit at C-67 sector 57 Noida U.P. the land was acquired from Noida Authority in the year 1993. The Comp. has already acquired the main plant and machinery imported from Germany. The constant and smooth running of Unit [Is] resulted in improved working result every year. The Comp. reinvested the complete earnings into the business, & therefore no dividend was declared.