The year was 1977, the PVC industry was beginning to spread its wings. Recognizing this as an opportunity area, the Kalpena Industries made a small beginning the same year in Kolkata. From the very start, the group’s focus was clear. It established a nice for itself in the shoe & cable industries as a quality supplier of PVC compounds. After that, there was no looking back. The Group charted an aggressive strategy for growth through capacity expansion and diversification action.
Within just seven years from start of operations, Kalpena established a modern unit at Daman for the manufacture of PVC compounds. Sustained growth over the next decade necessitated another round of expansion in 1994, when the group set up a second unit in Daman. This state-of-the art plant employed the latest process technology to manufacture XLPE compounds.
Having established itself as a leader in PVC compounding, the group realized that its core strength was in “Compounding” and thus decided to look beyond PVC by setting up units to manufacture specialty compounds like Silance and Preoxide based XLPE, zero halogen FRLS, NBR/PVC, anti-fibrication, semi-conductive, automotive, cross linkable EVA foam compound and also additive master baches for both National and International markets. Further the group is diversifying into manufacturing of primary and secondary plasticizer and Engineering Plastic Compounds.
The company has very recently commissioned new Buss Ko Kneader to manufacture XLPE compound for Medium Voltage cables upto 33KV. It is first Indian manufacturer to produce this product in the country. This will result into import substitution. Very recently, it has very successfully launched PPR compound for Pipe and fittings.
Product range of the company includes:
Kalpena Industries members at the Extra Ordinary General Meeting (EGM) of the Company held on April 26, 2009, have approved the increase of Authorized Share Capital from existing 12 crore to 15 crore by creating additional 30,00,000 Equity Shares of Rs 10 each. (Ordinary).
The EGM also approved the issue of 9,50,000 Compulsory Convertible Debentures (CCDs) by way of Preferential allotment to (i) Banyan Tree Growth Capital LLC. (BTGC) (ii) Financierings Maatschappij Voor Ontwikkelingslanden N V (FMO) at a price of Rs 93.15 per CCD, subject to the approval of Stock Exchange and other regulatory authorities.