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Voith Paper Fabrics India Ltd.

BSE: 522122 Sector: Industrials
NSE: PORRITSPEN ISIN Code: INE285C01015
BSE 15:29 | 23 Feb 800.00 -1.00
(-0.12%)
OPEN

810.00

HIGH

810.00

LOW

800.00

NSE 05:30 | 01 Jan Voith Paper Fabrics India Ltd
OPEN 810.00
PREVIOUS CLOSE 801.00
VOLUME 420
52-Week high 1001.70
52-Week low 556.30
P/E 18.81
Mkt Cap.(Rs cr) 351
Buy Price 796.50
Buy Qty 5.00
Sell Price 810.00
Sell Qty 2.00
OPEN 810.00
CLOSE 801.00
VOLUME 420
52-Week high 1001.70
52-Week low 556.30
P/E 18.81
Mkt Cap.(Rs cr) 351
Buy Price 796.50
Buy Qty 5.00
Sell Price 810.00
Sell Qty 2.00

Voith Paper Fabrics India Ltd. (PORRITSPEN) - Chairman Speech

Company chairman speech

Dear Shareowners

It gives me immense pleasure to once again connect with you through this 47thAnnual Report of your Company pertaining to financial year 2016/17.

I am also delighted to inform you that in January 2017 the Voith Group has completed150 Years of its existence. We advance key industries to tap global opportunities. Ourinnovations in engineering across cultural contexts create value and trust forgenerations.

Against this backdrop the Voith Group has set its vision to be the "Technologypartner for industrial generations" for next 150 years with following mission infocus:

• Earn customers' loyalty.

• Combine our global strength with local entrepreneurship.

• Inspire the best in our people.

• Strive for excellence in everything we do.

Your company is an integral part of the overall operations of Voith Group in the regionand your company has consistently contributed to the growth of business segment to whichit belongs. This year's performance has once again reinforced the belief that your companywould continue to add to the overall bottom-line and would remain in direct focus of VoithGroup.

However it is common knowledge that the growth in your company's business is a directconsequence of the growth of paper industry in India. The paper industry is an importantcontributor to the growth & development of Indian economy and with this drivingspirit Indian paper industry continues to upgrade its capacities and technologiesdespite huge challenges being currently faced by it in terms of liquidity cost pressureenvironmental concerns capacity utilization infrastructure constraints etc.

India's per capita consumption of paper continues to be low vis--vis the developedeconomies of the world. This situation combined with increasing population of schoolgoing children as well as increasing trend in literacy rate in India and upward demand inthe board & packaging material provides a good scope of growth in Indian paperindustry in future and that would in turn provide opportunities of growth for yourcompany too.

I am quite confident that your company would continue to maintain its consistent growthtrack record in coming years also backed by 150 years of proven technical competence ofVoith Group.

I look forward to meet you at the 47th Annual General Meeting of yourcompany.

Warm regards

Martin Gustav Scherrer

Chairman