Leaving behind the strains of the unprecedented economic slowdown seen
from late 2008, your Company is now poised for growth and improved
prospects which is evident from the cash surplus generated during the
year, re-commencement of the Kolkata plant expansion to double capacity
and the successful bold entries into new arenas of business.
India is set to emerge as the second largest producer and consumer of
steel in the next 10 years. Refractory, being an essential and critical
requirement in the steel industry, will see increased demand. Your
Company has positioned itself to meet these demands with the consistent
and focused technical contributions from the Vesuvius Group.
I thank you for your continued support to your Company.
With my best wishes to all of you.
Dr. S. K. Gupta