Garware Polyester Limited rebrands as Garware Hi-Tech Films Limited

 Focus on value-added products & market mix

Mumbai, 27^th May 2021, 

India's pioneer in the Polyester film business and leading Specialty Performance polyester film manufacturer Garware Polyester Ltd announced a change in corporate brand name to Garware Hi-Tech Films Ltd. (GHFL). The company is one of the leading manufacturers of Sun control Films globally and has also recently launched its Automotive Paint Protection Films(PPF) which has been well received in the international Market another first from Garware.

Garware Hi-Tech films (GHFL)has been focused on R&D to bring the cutting edge of technology to create unique products addressing the needs of the Premium Automotive, Architectural, Beverages, and other industries. GHFL has also been conscious of the environment and have developed Post-Consumer Recycled films, Certified by competent international laboratories.

“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 Mr. S. B. Garware, Chairman & Managing Director, Garware Hi-Tech Films Ltd., “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 & focus to grow in different product categories and Geographies”.

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'.

About Garware Hi-Tech Films Limited

Garware Hi-Tech Films Limited (formerly Garware Polyester Ltd.) (BOM: 500655) is the flagship company of the Garware Group co-promoted by the Chairman and Managing Director Mr. S.B. Garware in the year 1957 along with the Founder-Chairman Late Padmabhushan 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 largest exporter of Polyester Films in India and the winner of top exporters' awards for continuous 33 years from PLEXCOUNCIL.

Garware Hi-Tech Films Ltd.’s (GHFL) manufacturing facility in Aurangabad is vertically integrated, from the manufacture of polyester chips to the finished product of polyester films with four independent manufacturing lines and a business that spans the globe.  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. GHFL is also the market leader and India’s only manufacturer of Sun Control window films for Building, safety and auto applications. The company has facilities for manufacturing various coated products and co-extruded products for specialty application, apart from its capacity to design the recipe for raw material of PET films to suit the end application of the product.  The company has also developed surface-protection films designed to deliver the highest level of protection and impact resistance which has applications in many sectors.