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ACE Laboratories Ltd.

BSE: 526077 Sector: Health care
BSE 05:30 | 01 Jan ACE Laboratories Ltd
NSE 05:30 | 01 Jan ACE Laboratories Ltd

ACE Laboratories Ltd. (ACELAB) - Chairman Speech

Company chairman speech

ACE LABORATORIES LIMITED CHAIRMAN REPORT SHAPING THE EMPIRES OF THE FUTURE The empires of the future, we know, are built by those who have the will and foresight to shape it now. With synergy, expansion & consolidation forming the core of our futuristic reality. We have in a decade of existence, not only pursued the process of making profits and building goodwill but constantly worked towards building a strong foundation for the future. A move called" Shape your Future" that was launched three years back with a Rs.60 crores expansion & Diversification programme. Joint Ventures in Nepal, Uzbekistan and Mauritius, technology transfer from China, Korea, Nil, ICGEB Dept. of Technology ( Govt. of India) & NRDC, commissioning of Bulk Drugs & intermediate/ Chemical project, injectable unit, R & D centre and a comprehensive programme for expansion of capacities for formulation, a Venture into new drug delivery system (targetted) in Parenterals- these are some of the pillars of our future empires . Each a sure-fire success., will translate into gainsome business opportunities besides of course making a solid & strong foothold for ACE. We are not overtly proud or complacent for what we have achieved , rather we believe that Shaping the future is a process that calls for continuous redirection & redefinition of goals and fine tuning with passionate dedication and discernment. In this endeavour, we have established facilities for Cefuroxime Axetil and also maintain to have a firm footing on drug intermediates i.e. EMME and TEOF- used for production of Quinolone, Chloroquine Phosphate, Norfloxacin etc. In short this breakthrough will give a major strategic boost to ACE by streamlining operations from the very basis stage. ACE is growing from strength to strength-rapidly marching into the next millennium. With invaluable support from our esteemed shareholders and other participants, we are virtually guaranteed a great future. Ajit Chand Srimal