Srivasavi Adhesive Tapes Secures Export Order to Kuwait Market
Srivasavi Adhesive Tapes Limited has announced securing a significant export order, marking its entry into the Kuwait market. The order, valued at USD 53,244, was placed through the group company, Aneel Coating and Polymers Pvt. Ltd., for the supply of high-performance adhesive and coating solutions.The client for the consignment is Engineering Industries Factory, Kuwait. The shipment comprises 540 carboys, totaling 10,800 kg net, of Aneel's glu10 VACUUM MD PVC Membrane Adhesive. This premium-grade adhesive is specifically engineered for PVC membrane bonding applications within the furniture and interior décor industry.
Aneel D.N., Managing Director of Srivasavi Adhesive Tapes Limited, noted that the export order to Kuwait is a major milestone. He stated that the transaction validates the international acceptance of the glu10 VACUUM MD formula and affirms the company's manufacturing standards against global benchmarks. He expressed enthusiasm for building a long term relationship with Engineering Industries Factory and expanding the company’s presence across the Middle East.
Company Profile and Capabilities
Srivasavi Adhesive Tapes Limited specializes in manufacturing industrial specialty adhesive tapes, foams, films, fabrics, and die cuts. The company operates a B2B business model, producing technical adhesive tapes, die-cuts, labels, and decals made from diverse materials including film, fabric, felt, foil, foam, and paper.The organization operates from state-of-the-art facilities in Bangalore and Vadodara and has established a reach across 21 Indian states and 27 countries.
For adhesive production and capacity expansion, Srivasavi utilizes advanced in-house facilities. The manufacturing unit is equipped with multiple coating lines, including a Hot Melt Machine M07, enabling the application of adhesive layers to various substrates. Furthermore, the company has integrated its operations through units that allow for the in-house production of PSAs (rubber, water-based, hotmelt), specialty sealants (butyl and silicone), and polymer systems including emulsions and PU foam.
The company emphasizes its focus on import-substitute products, aiming to reduce India's reliance on foreign adhesive imports. Srivasavi maintains multiple quality certifications, including ISO 9001:2015 for design and manufacture of specialty selfadhesive tapes and die-cuts, IATF 16949:2016 for automotive-grade quality management, and an environmental management system certified under ISO 14000.
The key details of the recent export order are summarized below:
| Detail | Description |
|---|---|
| Client | Engineering Industries Factory, Kuwait |
| Order Value | USD 53,244 |
| Product | glu10 VACUUM MD PVC Membrane Adhesive |
| Quantity | 540 carboys (10,800 kg net) |
| Application | PVC membrane bonding (Furniture and Interior Décor) |
SRIVASAVI Stock Price Movement
Shares of Srivasavi Adhesive Tapes Limited are holding steady at ₹58.50 as of 12:44 PM today, showing zero movement in live trading. The stock maintains its stability against the current session's action, reflecting a neutral performance for the industrial adhesive segment.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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