For the first quarter Garware Technical Fibers net sales decreased by 4.9 per cent. Profit before tax reduced by 8.6 per cent. Net profit after tax dropped 5.7 per cent. Garware Technical Fibers is a manufacturer of technical textiles. The year began with a steady performance in the synthetic cordage segment. The company’s V2 technology based products are seeing good customer acceptance and excellent order flow.

Garware caters to various segments like aquaculture, sports nets, agriculture, geo textiles, etc. through a diverse range of netting products, ropes, coated fabrics and others. Over the past four decades, Garware has built a strong reputation for quality, value addition and application-focused innovation. Its solution segments are niche. These solutions are focused on progress and productivity for agriculture and fisheries, which typically constitutes almost 15 per cent of India’s GDP. With over 20 patents to its name, Garware Technical Fibers is an idea-driven company that achieves valued-added solutions that impact businesses significantly and adds unmatched value to customers. The company was earlier known as Garware Wall Ropes. Working on a long-term strategic plan, the company has identified its niche in the large and growing global market for technical textiles and drawn clear plans to expand its presence in specific sectors and product lines.