Let us understand what is Plastic Extrusion – Whether it’s one hundred yards of pipe-tubing or a thousand Crazy Straws, plastic extrusion is in frequent use in today’s plastics industry because it’s readily available and easy to work with. The plastic extrusion process involves melting plastic material, forcing it into a die to shape it into a continuous profile, and then cutting it to length. The process is a good choice for applications that require a final product with a constant cross-section. The low cost and high production rates make it a common manufacturing choice for products such as piping, plastic sheeting, weather stripping, wire insulation and adhesive tape.
More @ http://www.thomasnet.com/articles/plastics-rubber/plastic-extrusions
Financials are good; not the best. But by looking at the financials below we can see that things are improving from 2013 onwards. Also if we read about the plastic or plastic extrusion industry this company names comes first in India and may be in Asia so looks like company looks like a good bet at current price. No onus.
Senior members, please provide your inputs/suggestions etc to understand the company, business and outlook for the company.
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