Futura Polyesters Ltd - Stock Valuation and Financial Performance

Futura Polyesters is the merged entity of Futura Polymers Limited and Indian Organic Chemicals Limited. ‘Futura’ is the proud owner of the brand launched in 1972.

Futura’ is a ‘Complete Polyester Company’, producing the entire range of Polyesters: PET, PBT, PTT, PEN, PTN and PBN.Today it is truly a ‘Complete Polyester Company’, covering the entire range of Polyesters from PET through PBT, PTT, PEN, PTN and PBN.

The ‘Futura’ brand is synonymous with products for the future: Speciality Polyesters for high end application.'Futura’ brand is synonymous with products for the future: Speciality Polyesters for high end applications. The company works with global companies such as Pepsi, Coke, SIP (formerly GE Plastics), Shell Chemicals, Danone, Faerchplast-Denmark, Associated Packaging Technologies – USA and many more.

The company is committed to Global Quality Systems : ISO 9001:2000 Certification for the production facilities of Fibres, Polymers and Preforms ; Committed to Environment, Health and Safety : ISO 14001:1996 for the PET Recycling facilities.

Products of the company include :Futura polymers products

SPECIALITY PET RESINS - PRODUCT RANGE :

• Futura ClearPET -   General Purpose packaging of beverage containers for CSD / Water and Sheet Extrusion / Thermoforming, requiring excellent clarity.
• Futura FastPET  -  High Speed blow moulding applications (Fast Reheat) for CSD/ Water, requiring good clarity and sheet extrusion, and requiring excellent processability.
• Futura NuBarPET -  Customised Resin for High Barrier Mono -Layer applications such as 200-250 ml CSD beverages with improved shelf life; UV barrier peroperty can be customised as required.
• Futura Clear FastPET -  As good as normal Fast Reheat Resin, with excellent colour values and no greyish tone.
• Futura GreenPET -   Contains 20% PCRPET input on Glycolysis route, with Fast Reheat properties , for High Speed Blow Moulding of CSD / Water Prefroms and Sheet Extrusion / Thermoforming applications requiring  excellent processability. 
• Futura WavePET -  Sheet Extrusion and Thermoforming applications for Dual Ovenable Trays and similar products; Nucleating and energy efficient Grades also available.
• Futura JarPET  -  Gallon Jars requiring excellent clarity and processability with excellent scratch resistance and 60 oC ‘hot wash’ properties.
• Futura JarPETN -  Gallon Jars requiring excellent clarity and processability with excellent scratch resistance and 75 oC ‘hot wash’ properties, as also 360nm UV Barrier as good as Poly Carbonate.
• Futura HotPET -  Hot fill applications upto 88 oC on Heat Set Blow Moulded bottles and 82 oC on normal blow moulded bottles; Higher glass transition temperature, higher crystallinity, Low shrinkage and UV barrier properties. 
• Futura EcoPET -  Antimony free Homo Polymer for “eco-label” packaging: Hot Fill 88 oC without Crystalised neck, CSD ; Water and Sheet Extrusion / Thermoforming, Excellent clarity and Customised easy processability; 100% Heavy Metal free option.
• Futura EBMPET -  Wide range of Customised Extrusion Blow Moulding applications; High melt strength and optimum processability. 

 SPECIALITY POLYESTER RESINS - PRODUCT RANGE :

• Futura PEN  -  High performance packaging, fibres, films and Engineering Thermo Plastics; Refillable and Returnable Beverage / Beer bottles; Heat resistant and UV resistant bottles; High performance speciality Film applications. 
• Futura PETN  -   For high barrier and high heat containers and other niche applications.
• Futura PBT  -   Injection moulding /Compounding / customised applications.   -B 1.20 
• Futura PBN  -  High barrier resistance for Petro Fuel parts and intricate High end Moulding applications. 
• Futura CPTT  -  Clear PTT polymer for Fibres / Filaments for Carpets, Films and ETP 
• Futura DPTT -   Delustered PTT for Textile applications
• Futura PTN  -   High CO2 / O2 barrier applications in Packaging and ETP. 
• Futura BeerPET  - Mono layer bottles for Beer Packaging with capability for high CO2 barrier and Tunnel Pasteurisation. Compatible with all Oxygen Scavengers including Amosorb.

Futura Fibres products:

• Polyester Tow
• Polyester Tops 
• Lowpill Polyester
• PSF - Cotton Spinning Systems  PSF
• Dope Dyed Polyester Fibre 
• Crimpless Tow - Flock Products 

Subsidiary of the company are:

• Futura Polymers
• Futura Fibres  Futura Fibres manufactures Polyester master batches in black and other colours for end uses such as dope dyed polyester staple fibre and dope dyed polyester partially oriented yarn. The standard product is a 30% carbon PET master batch (specifications given below). Master Batches in PET, PBT and Co-Polyesters are available.
• Futura Preforms

Milestones achieved

• 1960  Indian Organic Chemicals Limited was founded by B M Ghia
• 1963  Alcohol based chemicals manufacturing at Khopoli
• 1972  Polyester Fibre manufacturing at Chennai (6000 TPA) 
• 1978 R & D achievement on RPET/RPBT/DMT/Glycolysis: Recycling of Fibrous waste into Fibres commercialized.
• 1986  Sonata Software Division launched.
• 1987  Polyester Expansion :38500 TPA Fibres and 9000 TPA Filament Yarn
• 1988  Speciality Fibres (Tow / Tops) / Dope Dyed Black Fibres launched; R & D achievement on PTA Recovery Technology.
• 1993  Futura Polymers Limited (FPL) launched – JV between Pepsico Inc U.S.A & IOCL ; PET Resin (28000 TPA) ; Preforms (3500 TPA)
• 1994  'Sonata Software Limited '- hived off ; Filament Yarn Plant closed; Master Batch Chips’ plant Commissioned.
• 1998  Futura Polymers Limited (FPL) becomes 100% subsidiary of IOCL. 
• 2001  Preforms Expansion to 12000 TPA (6 M/Cs) completed. Speciality PET Range launched. Preforms Expansion to 20000 TPA (9 M/Cs) completed.
• 2002  Name changed to Futura Polyesters Limited; Innovassynth Technologies India Ltd. launched, after closure of A’lcs-Chemical business; PET Resin capacity expanded from 28000 TPA to 57000 TPA.
• 2003  PET Specialities: Fast Reheat, Hot Fill, JarPET and 20% PCRPET resins launched.
• 2004  PTT and PEN manufacture commercialized; Heavy Metal Free PET, Beer PET, “Clear “ Fast Reheat PET, PENT, PBN and PTN developed.
• 2006  Hotfill Resin for Fruit Juice containers without crystalised neck developed. `VFlex' Staple Fibre, High Shrink Film PET and EPTT for Engineering Thermo Plastics developed.
• 2007  New Barrier PET Resin for small CSD containers and pasteurizable PETN Resin developed; 300 plus shades of color Fibres and Hi Shrink Fibre launched; transfer of Chemical Division to Innovassynth Technologies India Ltd. completed.
• 2008  CrysPET and NuPET range of resins for high crystalanity and high barrier use developed. Flame Retardant Fibre and high shrink Fibre commercialized.
• 2011  Futura Polyesters has incorporated a wholly owned subsidiary Company under the name FPL Property Developers Pvt. Ltd.