Empire Industries Ltd Share Price

Summary

Empire Industries Ltd. formerly established as The Empire Dyeing and Manufacturing Co, Empire Industries acquired its present name in 1975. It is a multi-faceted company engaged in activities like dyeing, designing and fabrication of medium and heavy duty cranes, marketing of machine tools, manufacture of glass bottles and designing of electronic instruments and instrumentation systems. The companys textile division -- Empire Dyeing, which had diversified into trading speciality fabric was eventually closed in 1993-94 due to poor performance. Garlick Engineering is its crane manufacturing division. This division which has manufacturing facilities in Ambernath has a technical collaboration with a German firm to manufacture steel mill duty cranes and port cranes. The company manufactures amber bottles for the pharmaceutical industry through its bottle-making division, Vitrum Glass. The other divisions are Empire Machine and Tools, Empire Chemicals and Empire Instrumentation.Empire Machine Tools is engaged in agency business related to metal forming machinery including flame cutting, die casting and heat treatment equipments and other material testing and metrology equipments. Its MCAT division markets machine tools with applications of cutting of metal by turning, milling, boring and grinding etc.Empire Chemicals focused more on pharmaceuticals, industrial chemicals and pigments to overcome recessionary market conditions. The companys glass division was awarded ISO 9002 in Octo
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