MTZ Industries Ltd. వార్షిక వృద్ధి వివరాలు ఆధారంగా కంపెనీ చరిత్ర

YEAR EVENTS
1981 - The company was incorporated on November 6th, under the name and style Metasulf
Private Limited. The name was changed to Metazinc (India) Private Limited vide fresh
certificate of incorporation dated January 15th, 1987.

1984 - The company's initial insoluble Sulphur plant with an installed capacity of 1,000 TPA was
commissioned at Patalganga near Mumbai in 1984.

1986 - The erstwhile Metazinc Private Limited was amalgamated with Metazinc (India) Ltd. vide
High Court Order dated 17th September, w.e.f. 17th September.

1987 - The company acquired an H-Acid manufacturing unit at Roha outside Mumbai.

1989 - With effect from June 27th, the Company became a deemed Public Company and the
word "Private" was deleted. The company is now known as Metazinc (India) Limited.

- The erstwhile Dyes and Dispersing Agents Private Limited was amalgamated with Metazinc
(India) Limited vide High Court order dated April 25th, 1991, with effect from April 1st.

- Sure Success Investment and Trading Company Private Limited, Mintulya Invesments
Private Ltd., and Kompadavu Investments Pvt. Ltd., are fully owned subsidaries of the company.
They are all investment companies.

- The Zinc Oxide plant was set up at Bhiwandi, Maharashtra in 1973 in technical collaboration
with Vine Chemicals, U.K.

- Metazinc acquired the erstwhile Dyes and Dispersing Agents Pvt. Ltd. The dispersing agent
division manufactures auxiliary chemicals and dispersing agents for textiles, dyestuffs, pesticides,
rubber and cement/concrete. The plant has an annual capacity of 3,000 metric tonnes.

- With the subsequent amalgamation of DADA with Metazinc (India) Limited in 1989, the H-Acid
division was transferred to the new company.

1994 - During the period under review, the Company has issued 4,81,46,560 No. of Equity Shares
of Rs. 10/- each as Bonus Shares to its shareholders in the ratio of 314 new Equity Shares
for every 100 shares held by them by way of capitalisation from the General Reserve.

- The Company made a Public Issue of 1,70,00,000 No. of Equity Shares of Rs. 10/- each for
cash at a premium of Rs. 40/- aggregating to Rs. 85.00 Crores in terms of its prospectus
dated 25th February, 1994.

- The Zinc Oxide division faced a raw material shortage in the early part of the year which
resulted in lower production during the period.

- The Company is doubling the capacity of its Dye Intermediates division to cater to the
growing export market.

- The Company has entered into a Foreign Collaboration Agreement with M/s. Vucht of
Slovakia for Technical Know-how.

- The Company alongwith other companies in the MTZ group has co-promoted a new project
to manufacture 20,000 TPA of Polyester Chips and 10,000 TPA of Polyester Films in technical
collaboration with the E.I. Dupont Company, U.S.A.

- During the year Mintulya Investments Limited ceased as a subsidiary of the Company. After
the close of the Accounting year Tarpon Trading Company Private Limited became a wholly
owned subsidiary of the Company.

- Mr. Sanjay B. Shah was appointed as the Managing Director of the Company.

- The Company has a R&D Centre recognized by the Department of Science & Technology.

- During the current year, the Company has installed Flame Photometer, and Thin Layer
Chromotography.

1995 - The Company has entered into a Shareholders' Agreement for forming a joint venture
with Transpek Industry Limited (Transpek), India's largest producer of Zinc Hydroxide
and Metadust (India) Limited (Metadust), a leading manufacturer of Zinc Dust.

- During the year, the Sulphuric Acid plant was shutdown for an extended period of time
due to unfavourable realisations.

- During the year under review, the insoluble Sulphur plant faced mechanical and process
problems due to expansion of capacity.

- The Company is setting up India's largest Accelerators project with know-how from
Vucht, Slovakia.

- M.r Apurva S. Diwanji resigned from the Board on 22nd December, 1995.

1996 - The Company has entered the international market for Silica and secured large orders for
annual supply to Bridgestone and Pirelli.

- Mr. H. S. Ayrton and Mr. C. P. Shah resigned from the Board as Directors on 24th September,
and 1st November, respectively.

1997 - During the year, the Company commissioned the 5,500 TPA Spray Dried Silica unit at
Patalganga.

- Mr. B.C. Randeria resigned as Director from the Board on 26th May, 1998.

1998 - Demand and selling prices for the Company's Dispersing Agents were adversely
affected by unfavourable market conditions present in the dyestuff industry, the division's
main end-user.

- Mr. M. L. Tandon and Mr. D. J. Madan resigned as Director from the Board on 30th
October, and 2nd December, 1999, respectively.

1999 - The Company acquired from D-H 25,00,000 No. of Equity Shares of Rs. 10 each of
Insilco at a negotiated price of Rs. 25 per share for a total consideration of Rs. 625 lacs.

- The Company sold 457 MT of Dye Intermediates during the period, an annualised 13%
decrease over the year-earlier level of 422 MT.

- The Company is a partner in Anandeya Oxides, a 5,000 TPA Zinc Oxide manufacturing
unit at Goa.

- During the year, the firm also became one of the few manufacturers of Zinc Oxide Soft
Pellets, a new generation, environmentally friendly product.

2000

- In September 1999, the Company sold to Insilco Limited its Silica manufacturing business and specific assets of its Sulphuric Acid division. The Company also subsequently sold the remaining plant and machinery related to the Sulphuric Acid division.

2001

- The Company has changed its name to MTZ Industries Ltd.

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