Sold off Roto pumps, exports focused business can face issues due to shipping rates increase. Also I need to sell in order to buy.
Bought Time technoplast, it has been selling off weak parts of it’s global business, promising to reward share holders with the money and pay off debt partly. Mainly just bulk plastic containers and more recently composite gas cylinders, cng, lng, oxygen as of now, maybe even hydrogen. Doing some capex too. Demand has been strong with 80% capacity utilisation. Seems bit on cheaper side since natural gas prices are at record lows and composite cylinders are safer and lighter than steel, other businesses are also doing ok.
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