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CMI FPE > Company History > Engineering - Heavy > Company History of CMI FPE - BSE: 500147, NSE: FLATPROD
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CMI FPE

BSE: 500147|NSE: FLATPROD|ISIN: INE515A01019|SECTOR: Engineering - Heavy
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Company History - CMI FPE
Flat Products Equipments (I) Limited is a well established
 profit making company. The Company is a leading
 manufacturer of Cold Rolling Mills, Galvanising Lines and
 associated equipments in India. The Company is also in
 field of consultancy, especially for steel industry since
 past two decades.
 
 FPL is amongst the leaders in industry segment in India
 with sales for 1994-95 exceeding Rs.6,000 lacs. The Company
 has its manufacturing unit at MIDC Taloja and Bhandup,
 Bombay. The Company enjoys various working capital limits,
 asset credit facility and term loan facilities under world
 bank refinance scheme from it's bankers, Canara Bank and
 from ICICI. The Company was promoted by Mr. T.R. Mehta
 Metallurgical Engineer, presently Chairman & Managing
 Director of the company. At present the company has
 collaborations with T. Sendzimir Inc., U.S.A for
 manufacture of Cold Rolling Mills for ferrous and
 non-ferrous metals, Achenbach Buschutten GMBH, Germany for
 manufacture of Aluminium strip and foil Mills, Bliss-Salem
 Inc., U.S.A for manufacture of 4 Hi Cold Rolling Mills for
 mild steel, Redex, France for manufacture of Stretch
 Levelling equipment and Durmech Engineering Limited, UK for
 Paint Coating Lines. These collaborators are world leaders
 in their respective fields.
 
 FPL is the only Indian Company with capabilities for
 designing, fabrication and installation of CR Mills. FPL
 competes mainly with international companies like Hitachi
 of Japan, SMS of Germany, United of USA and Davy of
 England. However, FPL enjoys significant price advantage
 over international competitors on account of India's labour
 cost advantage which results in the price quoted by foreign
 companies being two or three times the FPL price for
 comparable technology and performance. With proven
 capabilities, having supplied mills in India and outside,
 FPL thus has a strong competitive edge.
 
 Due to the fact that Company has access to latest
 technology in its fields and a lower cost as compared to
 its competitors in West, the Company has export potential
 for its product and has export orders on hand.
 
 The Company manufactures and exports metal processing
 equipment which is an import substitute.
 
 FPL has installed over 110 rolling mills and associated
 lines in India and 10 abroad. The Company is negotiating
 for exports to many developed countries like U.S.A.,
 Germany, U.K. and other Asian countries. Company and its
 affiliates have already exported equipment to Germany,
 South Korea, U.S.A., Switzerland, Austria, Kenya and
 Singapore. The Company lays tremendous emphasis on after
 sales service and a lot of orders are REPETITIVE. The
 Company expects repeat orders from its overseas clients in
 the future. 
 
 Absorption of technology by research and development and
 design departments of the Company is demonstrated by the
 fact that in the year 1990, Company had exported a mill to
 U.S.A., to its collaborator, worth Rs.13.5 million. The
 collaborator has expressed interest in purchasing two more
 mills from the Company in near future. The Company is also
 exporting Cold Rolling Mill and Galvanising Line to
 Indonesia, for over Rs.25 Crores which has to be delivered
 by March 1996. The details of the exports orders are as
 follows:
 
 NAME OF THE CUSTOMER                      ITEMS            
                                                            
 
 M/S. PT INDUSTRI BAJA BERLIAN    I) CONTINUOUS HOT DIP     
 J1, KE BELAWANT KM 10.5,            GALVANISING LINE
 KAWASAN INDUSTRI MEDAN,
 SUMATERA UTARA,                 II) 4-HI REVERSING COLD    
 INDONESIA                           ROLLING MILL
 
 NAME OF THE CUSTOMER                PRICE       DELIVERY
                                 (RS. CRORES)
 
 M/S. PT INDUSTRI BAJA BERLIAN       1085        MARCH'96
 J1, KE BELAWANT KM 10.5,        
 KAWASAN INDUSTRI MEDAN,
 SUMATERA UTARA,                     1880        MARCH'96
 INDONESIA                       
 
 Equipments made by the Company are of international quality
 and the Company is receiving continuous inquiries from
 international markets. The Company is quite hopeful about
 future exports due to its sophisticated technology,
 competitive price, timely delivery and efficient after
 sales services.
 
 The Company's major customers in India for Metal
 Processing Equipment are Companies like Special Steels
 Limited, Pennar Aluminium Co. Limited, Jindal Strips Ltd,.
 Uttam Steels Ltd., Atma Steels Ltd, Comet Steels Ltd.,
 Lloyd Metals Ltd., Bhushan Industries, SWIL Ltd., Avery
 Cycles, Lloyd Steels Ltd and Raymonds Steel and many other
 industrial houses. Its experience, reputation and goodwill
 in the domestic and international market has helped it in
 expanding the local Market. With its experience,
 technology, manufacturing facilities, design, research and
 development team and excellent sales force, the Company is
 confident about its future expansion.
 
 The company is known throughout the world as a builder and
 exporter of high quality Cold Rolling Mills & equipment for
 the ferrous and non ferrous industry. Experience of more
 than two decades in engineering and building custom
 designed rolling mills and auxiliary equipment to meet
 individual customers' specific requirements has made the
 company one of the largest rolling mill builders in the
 country today.
 
 2001- Flat Products Equipments (India) Ltd has informed BSE that at
 the Annual General Meeting of the Company held on September 28, 2001
 the members have approved dividend of 25% per share (Rs 2.50 per
 share of Rs 10/-)
 
 
 2004
 
 -Flat Products gets  million order from China plant
 
 2005
 
 -Flat Products secures prestigious order from Lotus Joint Stock,
 Vietnam
 
 2008
 
 - Company name has been changed from Flat Products Equipments (India)
 Ltd to CMI FPE Ltd.
 
 2009
 
 - CMI FPE Ltd has informed BSE that the Board of Directors of the
 Company at its meeting held on January 30, 2009, inter alia, Mr.
 Raman Madhok has been appointed as an additional director of the
 Company to hold the office up to ensuing Annual General Meeting.
 
 2010
 
 -CMI FPE - Order Book continues to grow for CMI FPE Ltd
 
 -CMI FPE Awarded New Contract From ASIAN COLOUR COATED ISPAT LTD.
 
 -CMI FPE has entered into an agreement with CORPACERO CORPORACION
 DEACERO., BOGOTA, COLOMBIA
 
 -CMI FPE to supply a 300,000 t/y capacity Cold Rolling Mill Complex
 to Bhushan Power
 & Steel
 
 -CMI FPE Ltd. to supply major equipment for the first Cold Rolling
 Complex in Uganda
 
 2011
 
 -CMI FPE LTD. Inked Two New Orders for Supply of Processing Lines in
 India and Togo
 
 -CMI FPE Ltd. to supply a Cold Rolling Mill Complex to Kam Industries
 (Nigeria) Ltd.
 
 2012
 
 -CMI FPE doubles its production capacities by opening its new Center
 of Excellence for Cold Rolling Mills Manufacturing in Taloja (India)
 
 -CMI FPE to supply a 6 Hi Reversing Cold rolling Mill to Tezcan
 Galvaniz A.S., Turkey
 
 -CMI FPE to supply seven major steel equipments to Bhushan Steel
 
 -CMI FPE inks second contract with Turkey’s Tezcan Galvaniz
 A.S.
 
 2016
 -CMI inks contract with Jindal (India) Ltd. for the supply of two new
 Processing Lines.
 
 
 
 
 
 
 
Source : Dion Global Solutions Limited
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