The Company was incorporated on 10th November,1983.
It manufactures and sells all kinds of plastics and resins
including compounds, intermediates, derivatives and by-products.
The company has set up a project at Sipcot Industrial Complex,
Pudukottai in Tamil Nadu on a land admeasuring 7 acres for the
manufacture of 2000 metric tons per annum of mineral moulding
compounds. The company has entered into a technical
collaboration agreement with Hydro Polymers Ltd, Hampshire,
England. The project cost was estimated at Rs 282.60 lakhs.
Commercial production commenced on 30th March 1987.
The products of the company, namely, Reinforced Polypeopylene
are marketed under the brand name ARPYLENE.
The name of the company has been changed from S&S Filled Fibres
Ltd to the present one w.e.f. 17-10-1989.
2002- The Board of Directors of Hydro S&S Industries Ltd held on
September 28, 2002 the following changes in the Board were approved.
1. Mr Aage Frohde Director representing M/s Norsk Hydro ASA resigned
from the Board and which was accepted. 2. Mr Murali Venkatraman
Director was appointed as the Vice-Chairman of the Board. 3. Mr
Narayan Sethuramon Director (Corporate Affairs) was appointed as the
Managing Director of the company.
- Board approves expansion of capacity at its plant at Pudukkottai
- Company decided to recommend a dividend of 12% @ Rs 1.20 per equity
share of the Company for the year 2006-2007.
- The company board has recommend payment of final dividend @ 7%.
This is in addition to an interim dividend of 5% already paid to the
Shareholders in February 2008.
-Board recommended a dividend on Equity Shares at the rate of Rs.
0.60 per share.