Prime Industries Ltd Company Profile: Products, Promoters and Clients

Question 1: What are the products and services of Prime Industries Ltd?

Prime Industries Ltd. is a top global company that works in many areas and offers a wide range of products and services. The company is involved in adhesives, automotive, aerospace, manufacturing, and food production. This review highlights Prime Industries Ltd's main products and shows its focus on innovation, technical skills, and quality.

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1- Adhesives and Dispensing Equipment

Their Applied Adhesives segment offers a comprehensive range of high-quality bonding materials catering to various industrial applications.

• Industrial Adhesives: Prime offers a wide range of industrial adhesives used in packaging, automotive, construction, and more. These adhesives bond metals, plastics, glass, wood, and textiles.
• Sealants: Prime provides silicone and polyurethane sealants for filling gaps and bonding joints. These sealants are popular in the construction and automotive industries for protecting products from damage.
• Dispensing Equipment: Prime possesses state-of-the-art equipment that allows for the precise dispensing of sealants and adhesives. This includes both hand-operated and automated systems to ensure accuracy during production.

2- Automotive and Towing Supplies

Prime Industries has a strong foothold in the automotive and towing supplies market. This segment focuses on providing essential products for the transportation and logistics sectors.

• Chains, Straps, and Binders: Prime Industries sells many types of chains, straps, and binders to secure loads during transport. These items are essential for keeping vehicles and cargo safe.
• Cam Locks and Towing Accessories: The company offers strong cam locks to secure cargo and various towing accessories like hooks, winch cables, and towing lights.
• Dollies and Skates: Prime manufactures and supplies dollies, skates, and ramps to facilitate the movement of heavy equipment, thereby simplifying the handling of vehicles and large items.
• LED Lights and Safety Equipment: Prime provides a range of lighting options, including LED light bars and strobes, to improve visibility and safety during towing.

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3- Laboratory equipment and fixtures

Under its PiiLab division, Prime Industries provides specialized equipment for laboratory settings.  The company dedicates itself to providing innovative and high-performance laboratory solutions.

• Counters and Sinks: Prime Industries makes epoxy resin countertops and sinks that resist chemicals, making them perfect for labs. Chemical, research, and educational settings commonly employ these robust surfaces.
• Laboratory Fixture: The company offers storage cabinets, pegboards, and custom setups to help organize workspaces and improve efficiency.
• Accessories: Prime also provides stainless steel pegboards, balance tables, and water-saving devices. These accessories help labs run smoothly by providing essential tools.

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4- Aerospace and Aviation Components

Prime Industries Ltd. has a well-established presence in the aerospace sector, offering a wide range of products and services related to aircraft parts and components. This includes fixed-wing airplanes and helicopters.

• Airframe Components: Prime makes and supplies parts that form the structure of aircraft, like fuselages, wings, and stabilizers.
• Avionics and Electrical Components: The company offers avionics systems and electrical parts that help with aircraft navigation, communication, and operations.
• Engine components: Prime provides various parts for aircraft engines, including turbine components, fuel systems, and air intake systems.
• Landing Gear: The company supplies landing gear parts to ensure aircraft stability and safety during takeoff, landing, and taxiing.
• Hydraulic Systems and Testing Equipment: Prime offers hydraulic systems for aircraft and the testing equipment needed to check their performance and safety.

5- High-Precision Manufacturing

They focus on industries that need careful engineering and manufacturing.

• CNC Machined Components: Prime uses advanced CNC (computer numerical control) machining to create precise components for industries like automotive, aerospace, and medical devices. They often make these components in small batches to meet specific needs.
• Sub-Assemblies: The company also makes complex sub-assemblies for larger systems or machines. They guarantee the production of these sub-assemblies with exceptional accuracy and quality.
• Precision Tools: Prime Industries makes specialized precision tools for different manufacturing processes.  Prime Industries builds these tools for top performance and long-lasting use.

6-HDPE Bottle Manufacturing

Prime Industries is a top maker of HDPE (High-Density Polyethylene) bottles, which are used for packaging food, chemicals, and pharmaceuticals.

• HDPE Bottles: Prime produces robust HDPE bottles that are chemical-resistant and recyclable. People commonly use these bottles to package liquids, detergents, cosmetics, and other products.
• Blow Moulding Services: The company provides blow molding services to create custom HDPE containers in various shapes, sizes, and specifications.

7- Food Processing: Vanaspati Ghee

The company works in the food processing sector that makes Vanaspati Ghee, a hydrogenated vegetable fat popular for cooking, especially in South Asia.

• Vanaspati Ghee: The company operates in the food processing industry and manufactures Vanaspati Ghee, a hydrogenated vegetable fat primarily used in South Asian cooking.

Question 2: Who are the promoters of Prime Industries Ltd?

Mr. Rajinder Kumar Singhania and Mrs. Parveen Singhania are the Promoters of the Prime Industries. Rajinder Kumar Singhania is the Managing Director of the company. 

Mr. R.K. Singhania was formerly the Director (Finance) with India’s premier Oswal group for over 10 years. He has rich experience in the corporate M&A space with deals worth Rs. 50 billion executed in FY 2005-06 alone. He has more than 25 years of experience in corporate strategy, tax planning & financial engineering internationally.

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