“We’ve built a strong reputation as a global brand, with high-quality products, value addition, innovation and we wanted this to reflect in our name,” said SB Garware, Chairman,” Garware Hi-Tech Films Ltd.
He added, “We are a hi-Tech company investing in new innovations and technologies and hope to attain a strong leadership position in the years to come. This is now captured correctly in our new name. The new identity and name is a reflection of our commitment and focus to grow in different product categories and geographies”.
A company release said: “After the change in identity and name, the organization will now be known as ‘Garware Hi-Tech Films Ltd.’, The name change has been updated on BSE, the company’s new ticker symbol is updated as ‘GRWRHITECH’.“
“Garware Hi-Tech Films Limited (formerly Garware Polyester Ltd.) (BOM: 500655) is a company of the Garware Group co-promoted by the Chairman and Managing Director SB Garware in the year 1957 along with the Founder-Chairman late Dr. Bhalchandra Garware, the company makes Hi-Tech specialty performance polyester Films in India and has its State-of-the-Art manufacturing facilities at Aurangabad in Maharashtra, India. GHFL is the pioneer and one of the,” said the company release.
Polyester Films are used for variety of end-applications such as PET Shrink films for Label application, Low Oligomer PET films for insulation of hermetically sealed compressors motors, Electric motor insulation, and cable insulation, sequin application films, TV and LCD screen application, Packaging applications etc.