Letter to Shareholders
Dear Fellow Shareowners,
A warm hello! We are optimistic about the future prospects of Gopala Polyplast Ltd.This past year we moved back to growth, increased the bottom line and finished the yearstronger than we started it. Our manufacturing team and distribution network continues tostrengthen, and our HDPE/PP Woven Sacks and Synthetic Woven Fabric segment continues todeliver stellar performance in a competitive market.We are prepared to face futurechallenges and continue to grow the company and deliver value to our customers, employeesand shareholders.
At present, the company's woven sacks division (HDPE Division) is supplying mainly toCement Industry. During last four years, the company has developed its capabilities forSugar Industry and Food grain Industry.We are among the few companies that havesuccessfully completed all government orders for food grain supply. After being wellestablished in these industries, the company plans on expanding its existing block ofplant and machinery. Without increasing too much capacity in this expansion project, thecompany is moving to higher levels of automation in bag making. This will substantiallydecrease our dependency on labour and increase our product quality. Through itsdiversification and modernization programme, the company is trying to enter a niche marketwith premium, higher margin products along with its existing product line. One of theproduct identify is BOPP laminated bags.
"BOPP laminated bags" are widely used today in retail packaging of 5-25 kgpacks of rice, chakkiatta, maida, besan, sugar, seed, fertilizers, cement putty and otherpremium products. Retail sector is exploding and the BOPP bag market is rapidly growingbecause of the importance of branding and need of aesthetically appealing packaging. Thecompany would like to exploit this opportunity in this time of growth.
Woven Fabric has traditionally been an accessory for the main garment and are thecreators of brand value of the garment. Thus it constitutes an important role in garmentmanufacturing and is used by both the garment exporters as well domestic garmentmanufacturers. We are one of the approved suppliers of woven fabric to renowned garmentexporters and international department stores.
During the coming year, we look forward to sharing with you our new milestones andaccomplishments as we lead the company through its next stage of growth. On behalf of theBoard of Directors and the entire management team, we would like to thank our customers,suppliers, distributors, employees and shareholders for their continued support.