1987 - The Company carried on its leasing activities till mid of the year subsequent to which it changed its line of business and concentrated in setting up facilities for its new project which was for the manufacture of HDPE Pipes and HDPE/PP Tanks and Vessels.

- The name of the Company was changed to "M/s Kunststoffe Industries Limited" and it received its Certificate of Change of Name on 20th August.

- The Company for the successful completion of its project entered into a collaboration agreement with M/s Troisdorfer Bau and Kunststoffe Gmbh (BAUKU) of West Germany for the production of pipes with the spirally wound profile wall pipe technology.

1992 - The company has entered into a technical collaboration with BAUKU of Germany and towards technology absoprtion of germany has deputed their engineers for training at the collaborator's plant.

1994 - The Rights issue made by the company was fully subscribed. 3 950 000 No. of equity shares of Rs. 10/- each at a premium of Rs. 5/- per share aggregating to Rs. 5.92 crores on Rights basis have been allotted.

1995 - Mr. K.G. Underkat Mr. C.H. Kampani and Dr. B.V. Bhoota retires

- During the year Mr. V.G. Rajadhyaksha who was the Chairman of the Company since inception resigned from the Board due to pre-occupation.

- Mr. Manual Menezes and Mr. Rashid Kalania also resigned from the Board and the Directors place on record their appreciation of the service rendered by them during their tenure of office.

1996 - Mr. Y. J. Shabbir retire by rotation and being eligible offer themselves for re-appointment.

- During the year Mr. Pravin Sheth who was the Chairman of the Company resigned from the Board due to pre-occupation.

- Ms. Vilina P. Sheth Dr. B. V. Bhoota and Mr. Kantilal G. Underkat also resigned from the Board and the Directors.

1997 - Mr. H.K. Vithalani and Mr. Marcus Hawercamp retire by rotation and being eligible are recommended for reappointment.