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« Jun 10
Chairman's Speech (Kemrock Industries and Exports) Year : Jun '11
Dear Shareholders,
 
 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 percent in terms of our revenues and 42 percent 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
Source : Dion Global Solutions Limited
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