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KEMROCK INDUSTRIES AND EXPORTS LIMITED
ANNUAL REPORT 2010-2011
CHAIRMAN'S REPORT
RENOWNED FRENCH POET VICTOR HUGO ONCE SAID, 'YOU CANNOT RESIST AN IDEA
WHOSE TIME HAS COME.' TODAY, COMPOSITE IS SUCH AN IDEA. IN A WORLD WHERE
SUSTAINED EFFORTS ARE BEING DIRECTED TOWARDS ENERGY CONSERVATION, RECYCLING
AND ENVIRONMENT PROTECTION, THE USE OF COMPOSITES HAS BEEN RISING STEADILY.
Renowned French Poet Victor Hugo once said, 'You cannot resist an idea
whose time has come.' Today, composite is such an idea. In a world where
sustained efforts are being directed towards energy conservation, recycling
and environment protection, the use of composites has been rising steadily.
Traditionally, composites usage was limited to defence and aerospace
sectors due to lower supply and higher cost. However, in the wake of
increasing prices of fuel and metals, the demand for composites has been
gaining ground in diverse sectors such as infrastructure, automobiles,
power, renewable energy and telecom. We at Kemrock believe it is the
beginning of an eminent Composite Age.
Sensing the opportunity, we have well in time laid out a robust foundation.
The process has been time-consuming, but nonetheless rewarding. At each
step of the way, we have fortified our processes, gained exhaustive
knowledge, delivered demanding products and solutions, and surpassed the
expectations of our clients in terms of quality, customisation and
timelines. As a result, we have successfully established Kemrock Industries
and Exports Limited as the largest integrated composites company in India
and among the most sought after players in the advanced composites sector
globally.
The proof is simply in our achievements - be it in terms of orders won, in
terms of sectors serviced or simply in terms of quality certifications
achieved. In the past five years, we have grown at a CAGR of 58 per cent in
terms of our revenues and 42 per cent in terms of our profits, making us
among the fastest growing companies in the sector. However, we benchmark
our success simply with the most prestigious distinction earned. We have
successfully partnered India's quest to develop captive supply of aerospace
grade advanced composites. In 2010 we commissioned India's first carbon
fibre plant of commercial capacity; and a year on, I feel proud to state
that we have achieved operational stability. This will enable us to
replicate our learning into large capacity plant going forward.
Having demonstrated our technological expertise we are now focusing on
leveraging our abilities, certifications, geographical reach and
intellectual capital to scale newer heights. Our readiness to lead and
adapt to dynamic industry demands has already been proved in terms of new
products introduced and new markets penetrated. Our strength is visible
both in terms of our competitive strategies and our endurance based on
sound commercial acumen. Moreover, our team comprising of highly
experienced and motivated professionals provide us with insights that have
helped us define our value proposition through our solutions.
The future is all set to begin. I invite you into the new world of Kemrock,
and demonstrate our vision to create a sustainable organisation for the
future.
Kalpesh Patel
Chairman
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