VESUVIUS INDIA LIMITED
ANNUAL REPORT 2011
Message from Chairman
During this year Sales has increased by over Rs 100 crores, Rs 38 crores
have been invested in fixed assets and Capital Work-in-Progress and about
15 acres of land is being acquired in Visakhapatnam for setting up the
fifth plant of your Company. Improvements in the Mehsana plant and Kolkata
plant have increased installed capacity by about 48%. The Kolkata plant
expansion for doubling its capacity is nearing completion. Large
investments have been made in asset creation for future value addition
while continuing to maintain its 'Debt free' status.
Share prices had reached an all-time high.
Vesuvius India retained its leadership in the Indian refractory industry
and continues its aggressive growth path, which, I am confident will
provide improved prospects in the coming years.
The Vesuvius Group continues to support your Company with latest technical
and technological developments and export opportunities and it is with
their support that the Kolkata plant expansion and venture with the new
plant at Visakhapatnam has been possible.
I thank you for your continued support to your Company.
With my best wishes to all of you.
Dr S K Gupta