{"id":1582,"date":"2018-08-10T15:08:56","date_gmt":"2018-08-10T15:08:56","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=1582"},"modified":"2018-08-10T15:08:56","modified_gmt":"2018-08-10T15:08:56","slug":"garware-wall-ropes-limited-aims-to-double-profits-in-next-5-years","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/garware-wall-ropes-limited-aims-to-double-profits-in-next-5-years\/","title":{"rendered":"Garware-Wall Ropes Limited aims to double profits in next 5 years"},"content":{"rendered":"<p>India&#8217;s leading technical textiles company Garware-Wall Ropes Ltd. (GWRL) announced change in corporate brand name and identity to Garware Technical Fibres Ltd. (GTFL). The rebranding is a part of a focused vision to double its profit over the next five to seven years and be amongst the Top 2 players globally in each of its major operating verticals.<\/p>\n<p>\u201cOver the past four decades, we\u2019ve built a strong reputation for quality, value addition, application focused\u00a0 \u00a0innovation and we wanted this to reflect in our name and brand,\u201d said Vayu Garware, Chairman &amp; Managing Director, Garware Technical Fibres Ltd, \u201cOur solution segments are niche and all these segments impact the larger economy. For example, among others, our solutions are focused on progress and productivity for agriculture and fisheries, which typically constitutes almost 14 to 15% of India\u2019s GDP. The next five to seven years will be very important for us as we look forward to double our profits and this we will achieve by being among the top two in each of our major verticals.\u201d<\/p>\n<p>\u201cThe new identity and name is a reflection of our commitment for creating value. With over 2o patents to our name, we are an idea-driven company which achieves differentiated valued added solutions that impact\u00a0 businesses significantly and adds unmatched value to customers.\u201d, he added.<\/p>\n<p>\u201cThis is an exciting transformation for us and marks a strategic pivot in our future path in Technical Textiles business,\u201d said Shujaul Rehman, Chief Executive Officer, Garware Technical Fibres Ltd. \u201cOur presence significantly impacts the sustainability of food production with a positive impact on the environment. We will continue to grow our value added offering in more than 75 countries and are committed to growing both India and global business to serve our stakeholders\u201d.<\/p>\n<p>After the change in identity and name the organization will now be known as \u2018Garware Technical Fibres Ltd.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s leading technical textiles company Garware-Wall Ropes Ltd. (GWRL) announced change in corporate brand name and identity to Garware Technical Fibres Ltd. (GTFL). The rebranding is a part of a focused vision to double its profit over the next five to seven years and be amongst the Top 2 players globally in each of its [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[993,405,994],"class_list":["post-1582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-garware-technical-fibres-ltd","tag-gdp","tag-solution-segment"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Garware-Wall Ropes Limited aims to double profits in next 5 years - Finance Intellect<\/title>\n<meta name=\"description\" content=\"\u00a0India&#039;s leading technical textiles company Garware-Wall Ropes Ltd. 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