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E-WHA Foam India Limited (EFIL) was incorporated as a public limited company in Maharashtra. It was promoted by Navinchandra Chunilal Shah, Ajay Bhupatrai Shah and Jayant Shah. The Company proposes set up a unit at Goa to produce 1500-tpa polyethylene foam products. The company came out with a public issue in Aug.'94 to part-finance the project. It has a technical-cum-financial collaboration with E-Wha Foam Korea Co, South Korea. Besides packaging applications - mainly as cushioning material, it also finds application in industry segments like automobile, shoe uppers, sports goods, carpet lining, air-conditioning, refrigeration etc. In 1994-95, the company implemented its non-cross linked polyethylene foam project at Goa. It started production of all varieties of expanded polyethylene foam sheets and other value added products like hoses, nets, rods and laminated sheets. During the same period, it also got an initial export order from Korea for laminated mats. In 1995-96, it developed a new grade of polyethylene foam for water proofing application. A major fire broked out on 25th Jan, 97 at company's factory at Goa due to short circuit.