Incorporated in 1986
Earlier known as Flat Product Equipments India.
Deals with desiging, manufacturing, erecting, commissioning of cold rolling mill complexes and auxiliary equipments for metal processing industry.
June 2008, Belgian company Cockerill Mantenance & InIngenierie (CMI) acquired and renamed it CMI FPE.
Small cap company with just 541 employees on roll.
Prime concern :
- Business tied up with fortune of steel industry
- Average gestation time of 12M to 18M
- Variation in input price and adverse development @ client end
- Long working capital cycle.
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