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Archidply Industries Ltd.

BSE: 532994 Sector: Others
NSE: ARCHIDPLY ISIN Code: INE877I01016
BSE LIVE 15:47 | 02 Dec 55.40 0.20
(0.36%)
OPEN

55.15

HIGH

58.25

LOW

53.55

NSE LIVE 15:40 | 02 Dec 55.60 0.50
(0.91%)
OPEN

56.00

HIGH

58.40

LOW

54.00

OPEN 55.15
PREVIOUS CLOSE 55.20
VOLUME 14498
52-Week high 79.70
52-Week low 39.45
P/E 20.59
Mkt Cap.(Rs cr) 122.27
Buy Price 55.40
Buy Qty 165.00
Sell Price 0.00
Sell Qty 0.00
OPEN 55.15
CLOSE 55.20
VOLUME 14498
52-Week high 79.70
52-Week low 39.45
P/E 20.59
Mkt Cap.(Rs cr) 122.27
Buy Price 55.40
Buy Qty 165.00
Sell Price 0.00
Sell Qty 0.00

Archidply Industries Ltd. (ARCHIDPLY) - Chairman Speech

Company chairman speech

ARCHIDPLY INDUSTRIES LIMITED ANNUAL REPORT 2007-2008 CHAIRMAN'S REPORT Dear Fellow Stakeholders, Bigger Opportunities. Better Growth. At Archidply, every possibility, and every opportunity opens to new doors of growth and better performances, year after year. The exhilarating opportunity unleashed for our sector due to infrastructure developments in the country in the form of Airports , Retail Malls, SEZs, Multiplexes, Hotels, expansion of Banking & Financial services sector, Housing units etc. and also the desire across the client spectrum for high class interiors has resulted in a huge demand for wood panel products and decorative surfacing material. Our commitment to using renewable resources for manufacturing wood-panel products from farm grown poplar & eucalyptus plantations in Rudrapur and Kolar, Silver Oak from coffee estates in Coorg, in close proximity to our factory locations, has held us in good stead in the past, and the same is guiding us in realizing a future of growth and competitiveness. In pursuit of continual growth: In the wood panel products' segment, Archidply has initiated increase in plywood capacity in the Uttarkhand unit and plans to set up a new MDF plant in the same facility. We are now in the process of setting up an ultra modern composite unit of particleboard in Chintamani in Karnataka, close to the enormous eucalyptus plantations in Kolar district. In our decorative surfacing sector, we are setting up a decorative plywood unit in Chintamani and are also in the process of establishing a 'Designer Doors' and Surface Printing' unit for customized design solutions in Chintamani. The above plans will be implemented partly in 2008-2009 and completed by 2009-2010. This will set the pace of growth for Archidply in the coming years. Strengthening the pillars: Even as we grow at a pace comparable to the industry, we are adopting best practices to facilitate the growth sustainable. We have put in place an ERP system across our factory locations and branches. A new HRD policy has been put in place along with reorganizing the organization structure for better clarity and focus. We also intend to issue ESOP's to our employees. Our Boards of Directors have been strengthened and we now have accomplished and eminent experts from Forestry, Architecture and Interior Design, Marketing and Finance, who bring with them vast years of experience in their respective fields. The Company had filed the offer document with the SEBI for raising capital to part finance the CAPEX for expansion projects of the Company which has been appraised in totality by the financial institutions. We have since received final observations from SEBI and plan to to bring out the Public Issue within the statutory time frame. ICRA, the credit rating agency appointed for the Public issue, has given a grading of 3 out of 5 for the proposed issue. Committed to a healthier tomorrow: At Archidply we have devoted a significant part of the concluded year in furthering Research, Product Development, Technology Adoption and investing in optimizing our customer satisfaction goals; ensuring homes and offices are healthy and safe places to be. On the R&D front, our development of unique Low Formaldehyde Emission resins has been extended from BWR Plywoods to Decorative Laminates. We have since developed and introduced fire retardant plywoods and laminates to the consumers. Products with these feature have been well received and are recognized by the Architect and Interior Designer Community in that they contribute to a healthy and safe indoor environment as per Global Standards in place in Europe , Japan and USA. This will set the path for every manufacturer to follow, and ensure customers in India are not deprived of the health and environment standards, set by leading countries across the globe. We are pleased to say that our Company has received a certificate from Bureau of Indian Standards (BIS) for ECO Mark for rating our products as eco-friendly which will enable the architects/ builders to earn points for better environment and friendly rating. Our Company has also received Host Country Approval for its Rudrapur Unit for 'Thermal Energy Generation from Renewable Bio-mass' which will make us eligible for CER'S (Certified Emission Reductions). We at Archidply believe your company is ready to play the role of a leader by consolidating on the strong position since created in the competitive market. Here is wishing one and all, a healthier and wealthier 2008 Deen Dayal Daga Chairman & Managing Director Place : Bangalore Date : 23.05.2008.

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