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Press ReleaseWith globally certified standards and manufacturing processes, strategic corporate alliances and dynamic leadership, Kemrock has pioneered landmark developments in the World of Composites.

Press Release

Pune, August 12, 2011
+ Kemrock and DSM inaugurates India’s first composite material school
Mumbai/Vadodara, August 03, 2011: Kemrock Industries and Exports Ltd. (KIEL), one of the leading manufacturers of fibre reinforced polymer (FRP) composites, launched a range of carbon fibre products for industrial applications under the brand name "JAITEC"

The products were launched by Mr. Ashok Nayak, Chairman of Hindustan Aeronautics Limited (HAL), during his visit to Kemrock’s facility.

Appreciating Kemrock’s successful operations & commercial production of carbon fiber plant, Mr. Nayak expressed that, “Kemrock and HAL have also joined hands together by signing an MoU for manufacture of carbon fibre prepregs. Initially, we were contemplating   to have the prepreg manufacturing facility at HAL Bengaluru, considering the proximity of our other facilities.  But I was highly impressed seeing Kemrock’s commitment & capabilities at its world class facility in Vadodara which has made HAL decide to make prepregs at Kemrock, apart from the other grades of carbon fibre products"

Acknowledging HAL’s continued support, Mr. Kalpesh Patel, CMD, KIEL, said “Kemrock and HAL’s relationship will grow forward very strongly and it is our commitment to take on these new opportunities together”.

About Kemrock Industries and Exports

(BSE: 526015; NSE: KEMROCK; LuxSE US4884721014) Headquartered in Vadodara, Kemrock Industries and Exports Ltd., is India’s leading producer of FRP/GRP composites, offering a fully integrated range of raw materials and engineered composites products. Established in 1981 as a small start-up and incorporated in 1991, the company offers world-class integrated solutions – from design to delivery - in its state-of-the-art manufacturing unit at Vadodara, which houses most of the processes at a single location. The company provides the largest portfolio of composite products and delivers both ready and customised solutions, which are ideal replacements for traditional materials prone to corrosion & maintenance. The company’s product range includes Thermo-setting Resins & Composite Products such as Windmill Blade , Rail Coach Interiors & Exteriors, Cable Management Systems , Pultruded profiles, Gratings, Piping Systems, Lighting Poles, Access Systems and now Carbon Fibre.

Kemrock Industries has established a prominent position across domestic and international markets, including product presence in over 50 countries. The company’s securities are listed on the Bombay Stock Exchange, National Stock Exchange and Luxembourg Stock Exchange.

About HAL

Hindustan Aeronautics Limited (HAL) is a leading Indian aeronautical company with operations including design, development, manufacture, and maintenance of aircraft, helicopters and their related power plants, accessories, systems & equipment. With 19 production units and 10 research & design centers in eight locations in India, the company has an impressive track record including 14 types of aircraft manufactured with in-house R&D and 14 produced under licence.

The largest defence PSU, Hindustan Aeronautics Limited (HAL) has served the Indian defence forces for over six decades and has positioned itself as a comprehensive solution provider to the Indian Defence Services in aviation by contributing to their modernization efforts through aircraft/helicopter production of various types and technology base. With new initiatives and future programmes, the company continues to be a major partner of the Defence Forces.

HAL has now diversified into aerospace related fields, with its aero-space division supplying critical components, structural assemblies and tankages for various launch vehicles and satellites of Indian Space Research Organisation (ISRO).

Moving a step towards customer satisfaction, HAL plans to provide seamless maintenance support, encompassing first and second line support, for aircraft and helicopters at customer bases.

Vadodara, August 03, 2011
+ Kemrock launches first indigenous industrial grade carbon fibre
Mumbai/Vadodara, August 03, 2011: Kemrock Industries and Exports Ltd. (KIEL), one of the leading manufacturers of fibre reinforced polymer (FRP) composites, launched a range of carbon fibre products for industrial applications under the brand name "JAITEC"

The products were launched by Mr. Ashok Nayak, Chairman of Hindustan Aeronautics Limited (HAL), during his visit to Kemrock’s facility.

Appreciating Kemrock’s successful operations & commercial production of carbon fiber plant, Mr. Nayak expressed that, “Kemrock and HAL have also joined hands together by signing an MoU for manufacture of carbon fibre prepregs. Initially, we were contemplating   to have the prepreg manufacturing facility at HAL Bengaluru, considering the proximity of our other facilities.  But I was highly impressed seeing Kemrock’s commitment & capabilities at its world class facility in Vadodara which has made HAL decide to make prepregs at Kemrock, apart from the other grades of carbon fibre products"

Acknowledging HAL’s continued support, Mr. Kalpesh Patel, CMD, KIEL, said “Kemrock and HAL’s relationship will grow forward very strongly and it is our commitment to take on these new opportunities together”.

About Kemrock Industries and Exports

(BSE: 526015; NSE: KEMROCK; LuxSE US4884721014) Headquartered in Vadodara, Kemrock Industries and Exports Ltd., is India’s leading producer of FRP/GRP composites, offering a fully integrated range of raw materials and engineered composites products. Established in 1981 as a small start-up and incorporated in 1991, the company offers world-class integrated solutions – from design to delivery - in its state-of-the-art manufacturing unit at Vadodara, which houses most of the processes at a single location. The company provides the largest portfolio of composite products and delivers both ready and customised solutions, which are ideal replacements for traditional materials prone to corrosion & maintenance. The company’s product range includes Thermo-setting Resins & Composite Products such as Windmill Blade , Rail Coach Interiors & Exteriors, Cable Management Systems , Pultruded profiles, Gratings, Piping Systems, Lighting Poles, Access Systems and now Carbon Fibre.

Kemrock Industries has established a prominent position across domestic and international markets, including product presence in over 50 countries. The company’s securities are listed on the Bombay Stock Exchange, National Stock Exchange and Luxembourg Stock Exchange.

About HAL

Hindustan Aeronautics Limited (HAL) is a leading Indian aeronautical company with operations including design, development, manufacture, and maintenance of aircraft, helicopters and their related power plants, accessories, systems & equipment. With 19 production units and 10 research & design centers in eight locations in India, the company has an impressive track record including 14 types of aircraft manufactured with in-house R&D and 14 produced under licence.

The largest defence PSU, Hindustan Aeronautics Limited (HAL) has served the Indian defence forces for over six decades and has positioned itself as a comprehensive solution provider to the Indian Defence Services in aviation by contributing to their modernization efforts through aircraft/helicopter production of various types and technology base. With new initiatives and future programmes, the company continues to be a major partner of the Defence Forces.

HAL has now diversified into aerospace related fields, with its aero-space division supplying critical components, structural assemblies and tankages for various launch vehicles and satellites of Indian Space Research Organisation (ISRO).

Moving a step towards customer satisfaction, HAL plans to provide seamless maintenance support, encompassing first and second line support, for aircraft and helicopters at customer bases.

Mumbai, May 11, 2011
+ Kemrock Industries clocks Q3FY11 sales of Rs. 229.3 crore; Net profit at Rs. 20.4 crore
Mumbai, May 11, 2011:Kemrock Industries and Exports Ltd. (KIEL), one of the leading manufacturers of reinforced polymer (FRP) composites, today announced results for the quarter ended March 31, 2011.

It may be noted that during the previous year (FY10), the Company had changed its financial year period from March 31, 2010 end to June 30, 2010 end; thereby declaring results for 15 months during FY10 (April 2009 to June 2010).

Q3FY11 Performance

  • Net sales increased by 60% to Rs. 229.3 crore from Rs. 143.4 crore during the corresponding quarter previous year
  • Net profit was up 73% to Rs. 20.4 crore from Rs. 11.8 crore during the corresponding quarter previous year
  • EBITDA increased 126% to Rs. 67.9 crore from Rs. 30.0 crore in the corresponding quarter previous year
  • On an equity capital of Rs. 16.8 crore, the fully diluted Earnings per share (EPS) stood at Rs. 11.7

9MFY11 Performance

  • Net sales of Rs. 607.5 crore
  • Net profit of Rs. 49.4 crore
  • EBITDA of Rs. 169.9 crore
  • On an equity capital of Rs. 16.8 crore, the fully diluted Earnings per share (EPS) stood at Rs. 28.3

Management Comment

Commenting on the results, Mr Kalpesh Patel, MD, KIEL, said “The numbers clocked by the Company and the recent spate of developments are a testimony to our efforts to grow and adapt to the needs of a dynamic business environment. The results truly reflect our leadership position in the fast growing Indian composite market. With composites finding increasing application across industries, we have carved a place for ourselves in this niche segment.”

About Kemrock Industries and Exports Ltd.

Headquartered in Vadodara, Kemrock Industries and Exports Ltd., is India’s leading producer of FRP/GRP composites, offering a fully integrated range of raw materials and engineered composites products. Established in 1981 as a small start-up and incorporated in 1991, the company offers world-class integrated solutions – from design to delivery - in its state-of-the-art manufacturing unit at Vadodara, which houses most of the processes at a single location. The company provides the largest portfolio of composite products and delivers both ready and customised solutions, which are ideal replacements for traditional materials prone to corrosion & maintenance. The company’s product range includes Thermo-setting Resins & Composite Products such as Windmill Blade, Rail Coach Interiors & Exteriors, Cable Management Systems, Pultruded profiles, Gratings, Piping Systems, Lighting Poles, Access Systems and now Carbon Fibre.

Q3FY11 Results Media Release

BSE Code: 526015
NSE Code: KEMROCK
  • FY10 Sales: Rs. 607.83 crore
  • FY10 Net Profit: Rs. 52.69 crore
  • Headquartered in Vadodra
  • Manufacturing presence in India and Italy
  • Modern manufacturing facility spread over an area of over 250 acres
  • One of the world’s largest integrated FRP Composite facility
  • Multiple global alliances for technological benefits
  • Commissioned India’s first carbon fibre manufacturing facility, with an initial capacity of 400 tpa

Mumbai, March 03, 2011
+ Kemrock Industries announces partnership for specialty resins with DSM Composite Resins
Mumbai, March 03, 2011: Kemrock Industries & Exports Ltd (KIEL), a leading manufacturer of Reinforced polymer composites, today announced that the company has entered into joint venture with Netherlands-based € 9 billion DSM Composite Resins AG for the production of specialty composite resins in India. DSM and Kemrock together will invest USD 25 million in the joint venture.

With this partnership DSM, one of the leading composite resins providers in the world, will structurally strengthen its presence in India and leverage its depth of technological knowledge and global customer relationships. Both partners will utilize and leverage each other’s strengths whereby DSM will focus on the supply of innovative specialized composite resin solutions to the fast growing Indian market while Kemrock will concentrate on the production of high end composite parts.

DSM will hold 51% and Kemrock 49% in a joint venture, which will be based in Pune. In addition to the joint venture, DSM will establish its own local marketing and sales company for composite resins to serve the Indian domestic market.

Kalpesh Patel, Chairman and Managing Director, Kemrock said: “With this alliance with DSM, Kemrock will strengthen its expertise in composites manufacturing and provide customized solutions to the fast growing Indian and global composites market.”

Nico Gerardu, Member of the DSM Managing Board and responsible for the Performance Materials cluster, said: “This joint venture fits with all four growth drivers of our strategy DSM in motion: driving focused growth and provides an excellent opportunity to further grow our composite resins business in India. In addition, this joint venture re-confirms our longstanding commitment to India, a country that has become an important market for DSM.”

Michael Effing, President, DSM Composite Resins, added: “We are excited to start working with Kemrock Industries, a well-known and highly respected partner and market leader in India in composite parts. We are convinced that our joint venture will play an important role in the fast growing market for composites in India, as the number of applications and markets continues to grow. Our composite resins for instance do not only increase the yield of wind turbines, they can also replace metal in automotive applications.”

About Kemrock Industries and Exports Ltd. (BSE: 526015; NSE: KEMROCK)

Headquartered in Vadodara, Kemrock Industries and Exports Ltd., is India’s leading producer of FRP/GRP composites, offering a fully integrated range of raw materials and engineered composites products. Established in 1981 as a small start-up and incorporated in 1991, the company offers world-class integrated solutions – from design to delivery - in its state-of-the-art manufacturing unit at Vadodara, which houses most of the processes at a single location. The company provides the largest portfolio of composite products and delivers both ready and customised solutions, which are ideal replacements for traditional materials prone to corrosion & maintenance. The company’s product range includes Thermo-setting Resins & Composite Products such as Windmill Blade, Rail Coach Interiors & Exteriors, Cable Management Systems, Pultruded profiles, Gratings, Piping Systems, Lighting Poles, Access Systems and now Carbon Fibre.

Kemrock Industries has established a prominent position across domestic and international markets, including product presence in over 50 countries. The company’s securities are listed on the Bombay Stock Exchange, National Stock Exchange and Luxembourg Stock Exchange.

DSM Composite Resins

DSM is the largest producer of structural resins in Europe and a technology and innovation leader for the composites industry. The company is globally expanding its activities in structural resins, especially in China and India, targeting high added-value segments. In China, DSM is the leader in specialty UPR and Vinyl ester resins. DSM is also the world's largest producer of glass fiber sizings & binders under the Neoxil® brand. DSM can claim unique competencies throughout the composites value chain.For more information: www.dsmcompositeresins.com.

DSM – Bright Science. Brighter Living.™

Royal DSM N.V. is a global science-based company active in health, nutrition and materials. By connecting its unique competences in Life Sciences and Materials Sciences DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders. DSM delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, pharmaceuticals, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials. DSM’s 22,000 employees deliver annual net sales of about € 9 billion. The company is listed on NYSE Euronext. More information can be found at www.dsm.com

Mumbai, February 14, 2011
+ Kemrock Industries’ Q2FY11 net sales jumps 98.5%; net profit up 50.5%
Mumbai, February 14, 2011 :Kemrock Industries and Exports Ltd., one of the leading manufacturers of reinforced polymer (FRP) composites, today announced results for the quarter ended December 31, 2010.

Q2FY11 Performance

  • Net sales increased by 98.5% to Rs. 209 crore from Rs. 105.3 crore during Q2FY10
  • Net profit was up 50.5% to Rs. 15.2 crore from Rs. 10.1 crore during Q2FY10
  • EBITDA increased 102% to Rs. 59.2 crore from Rs. 29.3 crore in the corresponding quarter previous year
  • On an equity capital of Rs. 16.8 crore, the fully diluted Earnings per share (EPS) stood at Rs. 8.31

H1FY11 Performance(H1FY11 – July-December 2010); (H1FY10 – July-December 2009)

  • Posted a 80.5 % increase in net sales to Rs. 378.2 crore from Rs. 209.6 crore in H1FY10
  • Net profit up 55 % at Rs. 29 crore as compared to Rs. 18.7 crore in H1FY10
  • EBITDA increased by 86% to Rs. 106.6 crore as compared to Rs. 57.4 crore in H1FY10

Key business developments

  • Signed an MoU for a joint venture with a Switzerland-based DSM composite Resins AG to manufacture saturated polyester and vinyl ester specialty resins in India.
  • Signed an MoU to form a joint venture with Hindustan Aeronautics Ltd, Bangalore, to develop, manufacture and market aerospace grade carbon fibre pre-pegs along with its associated pre-pegs for defence and aerospace programs in India.
  • Signed an MoU to invest Rs 9,700 crore in Gujarat for setting up a green field projects for defence and aerospace parks, carbon fibre plant, glass fibre plant and speciality polymers. The MoU was signed at the Vibrant Gujarat Summit, 2011.

About Kemrock Industries and Exports Ltd.(BSE: 526015; NSE: KEMROCK)

Headquartered in Vadodara, Kemrock Industries and Exports Ltd., is India’s leading producer of FRP/GRP composites, offering a fully integrated range of raw materials and engineered composites products. Established in 1981 as a small start-up and incorporated in 1991, the company offers world-class integrated solutions – from design to delivery - in its state-of-the-art manufacturing unit at Vadodara, which houses most of the processes at a single location. The company provides the largest portfolio of composite products and delivers both ready and customised solutions, which are ideal replacements for traditional materials prone to corrosion & maintenance. The company’s product range includes Thermo-setting Resins & Composite Products such as Windmill Blade, Rail Coach Interiors & Exteriors, Cable Management Systems, Pultruded profiles, Gratings, Piping Systems, Lighting Poles, Access Systems and now Carbon Fibre.

Kemrock Industries has established a prominent position across domestic and international markets, including product presence in over 50 countries. The company’s securities are listed on the Bombay Stock Exchange, National Stock Exchange and Luxembourg Stock Exchange.

Q3FY11 Results Media Release

BSE Code: 526015
NSE Code: KEMROCK
  • FY10 Sales: Rs. 607.83 crore
  • FY10 Net Profit: Rs. 52.69 crore
  • Headquartered in Vadodra
  • Manufacturing presence in India and Italy
  • Modern manufacturing facility spread over an area of over 250 acres
  • One of the world’s largest integrated FRP Composite facility
  • Multiple global alliances for technological benefits
  • Commissioned India’s first carbon fibre manufacturing facility, with an initial capacity of 400 tpa

Vadodara, January 14, 2011
+ Kemrock Industries to invest Rs 9,700 crore in Gujarat
Mumbai/Vadodara, January 14, 2011 : Kemrock Industries and Exports Ltd. (KIEL), one of the leading manufacturers of reinforced polymer (FRP) composites has signed a Memorandum of Understanding (MoU) with the Gujarat Government to invest Rs 9,700 crore to set up green field projects for defence and aerospace parks, carbon fibre plant, glass fibre plant & speciality polymers. The MoU was signed at the Vibrant Gujarat Summit, 2011.

On signing the MoU, Mr. Kalpesh Patel, Managing Director, KIEL said “Being the sole Indian commercial manufacturer of carbon fibre, a material of national importance, Kemrock is dedicated towards the growth and development of the country. The promised investment of Rs. 9,700 crore shall be made over next three to five years.”

The company has commenced the process of land acquisition for the proposed manufacturing site near Vadodara, where it has its existing manufacturing unit spread over an area of around 250 acres.

KIEL, which manufactures composite windmill blades, carbon and glass fibres and polymers, may look for partners for setting up the green field projects.

The company recently signed a MoU with Hindustan Aeronautics Limited, Bangalore, for the formation of a joint venture company to develop, manufacture and market aerospace grade carbon fibre pre-pegs along with its associated pre-pegs for defense and aerospace programmes in India.

About Kemrock Industries and Exports (BSE: 526015; NSE: KEMROCK; LuxSE US4884721014)

Headquartered in Vadodara, Kemrock Industries and Exports Ltd., is India’s leading producer of FRP/GRP composites, offering a fully integrated range of raw materials and engineered composites products. Established in 1981 as a small start-up and incorporated in 1991, the company offers world-class integrated solutions – from design to delivery - in its state-of-the-art manufacturing unit at Vadodara, which houses most of the processes at a single location. The company provides the largest portfolio of composite products and delivers both ready and customised solutions, which are ideal replacements for traditional materials prone to corrosion & maintenance. The company’s product range includes Thermo-setting Resins & Composite Products such as Windmill Blade , Rail Coach Interiors & Exteriors, Cable Management Systems , Pultruded profiles, Gratings, Piping Systems, Lighting Poles, Access Systems and now Carbon Fibre.

Kemrock Industries has established a prominent position across domestic and international markets, including product presence in over 50 countries. The company’s securities are listed on the Bombay Stock Exchange, National Stock Exchange and Luxembourg Stock Exchange.

Bangalore, November 16, 2010
+ Kemrock Industries inks Joint Venture agreement with Hindustan Aeronautics Limited
Bangalore, 16 November 2010 : Kemrock Industries and Exports Ltd. , one of the leading manufacturers of Fibre Reinforced polymer (FRP) composites, today signed an MoU with Hindustan Aeronautics Limited, Bangalore, for the formation of a joint venture company to develop, manufacture and market aerospace grade carbon fibre pre-pegs along with its associated pre-pegs for defense and aerospace programmes in India.

On announcing the JV, Mr. Kalpesh Patel, CMD, KIEL said “Kemrock and HAL have together identified opportunities for development and marketing of aerospace grade carbon fibre pre-pegs, which has immense potential in aerospace and defense programs in India as well as globally. It is a prestigious moment for Kemrock and we are delighted and look forward to the new challenge.”

In May this year, KIEL commissioned India’s first carbon fibre manufacturing facility in Vadodara, in technological tie-up with CSIR- National Aerospace Laboratory, Bengaluru. This fully integrated plant, with an initial capacity of 400 tonnes per annum, was inaugurated on 9th May 2010 by Honourable Dr. APJ Abdul Kalam, distinguished Former President of India.

About HAL

Hindustan Aeronautics Limited (HAL) is a leading Indian aeronautical company with operations including design, development, manufacture, and maintenance of aircraft, helicopters and their related power plants, accessories, systems & equipment. With 19 production units and 10 research & design centers in eight locations in India, the company has an impressive track record including 14 types of aircraft manufactured with in-house R&D and 14 produced under licence.

The largest defence PSU, Hindustan Aeronautics Limited (HAL) has served the Indian defence forces for over six decades and has positioned itself as a comprehensive solution provider to the Indian Defence Services in aviation by contributing to their modernization efforts through aircraft/helicopter production of various types and technology base. With new initiatives and future programmes, the company continues to be a major partner of the Defence Forces.

HAL has now diversified into aerospace related fields, with its aero-space division supplying critical components, structural assemblies and tankages for various launch vehicles and satellites of Indian Space Research Organisation (ISRO). Moving a step towards customer satisfaction, HAL plans to provide seamless maintenance support, encompassing first and second line support, for aircraft and helicopters at customer bases.

About Kemrock Industries and Exports (BSE: 526015; NSE: KEMROCK; LuxSE US4884721014)

Headquartered in Vadodara, Kemrock Industries and Exports Ltd., is India’s leading producer of FRP/GRP composites, offering a fully integrated range of raw materials and engineered composites products. Established in 1981 as a small start-up and incorporated in 1991, the company offers world-class integrated solutions – from design to delivery - in its state-of-the-art manufacturing unit at Vadodara which houses most of the processes at a single location.

The company provides the largest portfolio of composite products and delivers both ready and customised solutions that are ideal replacements for traditional materials prone to corrosion & maintenance. The company’s product range includes Thermo-setting Resins & Composite Products such as Windmill Blade , Rail Coach Interiors & Exteriors, Cable Management Systems , Pultruded profiles, Gratings, Piping Systems, Lighting Poles, Access Systems and now Carbon Fibre.

The company has established a prominent position across domestic and international markets, including product presence in over 50 countries. The company’s securities are listed on the Bombay Stock Exchange, National Stock Exchange and Luxembourg Stock Exchange.

Vadodara, November 03, 2010
+ Kemrock & DSM Composite Resins sign MOU for Manufacturing of Specialty Resins in India
Kemrock and Royal DSM N.V.( the global Life Sciences and Materials Sciences company), inaugurated India’s first school made with composite materials, on 12th August 2011. The Jilla Parishad primary school, situated in the village of Kusgaon, Pune, is a demonstration of commitment made by Kemrock & DSM to use its expertise to create brighter lives today and for generations to come.

The school brings a number of innovations to Indian education. Made of composite materials, its lightweight and modular nature means it can be built by four workers in only six days ( without the need for any specialist equipment), saving time, money and impact on the local environment compared to 5 to 6 months required for traditional schools made from concrete. Its excellent mechanical properties and attractive design have also created a safe, strong, well-insulated and inspirational learning environment.

The project has also been unique in the sense that the children attending the school will be able to take advantage of the very latest computer equipment and world-leading nutrition. As the world’s biggest producer of vitamins and micronutrients, DSM scientists have formulated a nutrition program that will help students attain their full academic potential. Furthermore, the partnership with OLPC ( One Laptop Per Child) , a charity based in Cambrigde, MA, USA, has played a major role in supporting the pupils with the learning tools like free laptops. The Poona Midtown Round table 65

(PMRT65 - part of Round Table India), a non governmental organization based in Pune, played a major role in identifying the school site and liaison with local village and external agencies.

Michael Effing, President, DSM Composite Resins, said: “Education will play a key role in India’s development and this school represents a vital upgrade to the country’s existing education infrastructure: by combining with our colleagues elsewhere in DSM, we have made a difference in Kusgaon, India, that will be felt for years to come.”

Kalpesh Patel, Chairman and Managing Director, Kemrock Industries, whose joint venture partnership with DSM was responsible for building the school, said; “With its attractive design, excellent mechanical properties and ease of installation, the school proves that composite materials have a key role to play when it comes to delivering the next generation of Indian schools.”

For Santosh Gaikwad, headmaster of the school, the value DSM brings to Kusgaon was not limited to the physical structure of the classrooms: “We cannot underestimate the role of this school in creating the right conditions for our students to thrive. With world-class facilities, equipment and nutrition, our model school is now ready to educate our country’s next generation.”

DSM and Kemrock have identified many schools, mainly in under-developed rural regions, which could benefit from similar model schools. This kind of modular composite building can furthermore be used to deliver quick help after natural catastrophes like recent events in Haiti, Japan or New Zealand. The parts of the building guarantee easy assembly and no specific skill is required. Here, the benefits of composites allow for outstanding sanitary and hygiene conditions.

Vadodara, October 30, 2010
+ Kemrock Industries Q1FY11 net sales up 62.36% at Rs 169.27 crore
Vadodara/Mumbai, October 30, 2010 : Kemrock Industries and Exports Ltd., one of the leading manufacturers of reinforced polymer (FRP) composites, today announced the results for the period ended September 30, 2010.

Net sales grew by 62.36 per cent at Rs 169.27crore for the quarter ended September 30, 2010 compared to Rs 104.25 crore in the corresponding quarter last year. EBDITA grew by 70.19 per cent to Rs 47.10 crore compared to Rs 27.68 crore in the corresponding period under review last year. Net profit during the quarter grew by 60.79 per cent to Rs 13.76 crore. On equity capital of Rs 16.75 crore, the earning per share (fully diluted) for the quarter ended September 30, 2010 stood at Rs 7.89

For the 15-months period ended June 30, 2010, the company had posted net sales of Rs 607.83 crore and a net profit of Rs 52.69 crore.

On announcing the results, Mr Kalpesh Patel, CMD, Kemrock Industries & Exports Ltd., said, “Our performance reflects our leadership established in the Indian composite industry across verticals. Going forward, we are looking establishing our footprints in the global market. The current growth momentum indicates that the company is prepared to move to the next level.”

About Kemrock Industries and Exports (BSE: 526015; NSE: KEMROCK; LuxSE US4884721014)

Headquartered in Vadodara, Kemrock Industries and Exports Ltd., is India’s leading producer of FRP/GRP composites, offering a fully integrated range of raw materials and engineered composites products. Established in 1981 as a small start-up and incorporated in 1991, the company offers world-class integrated solutions – from design to delivery - in its state-of-the-art manufacturing unit at Vadodara, which houses most of the processes at a single location. The company provides the largest portfolio of composite products and delivers both ready and customised solutions, which are ideal replacements for traditional materials prone to corrosion & maintenance. The company’s product range includes Thermo-setting Resins & Composite Products such as Windmill Blade, Rail Coach Interiors & Exteriors, Cable Management Systems, Pultruded profiles, Gratings, Piping Systems, Lighting Poles, Access Systems and now Carbon Fibre.

Kemrock Industries has established a prominent position across domestic and international markets, including product presence in over 50 countries. The company’s securities are listed on the Bombay Stock Exchange, National Stock Exchange and Luxembourg Stock Exchange.

The company has established a prominent position across domestic and international markets, including product presence in over 50 countries. The company’s securities are listed on the Bombay Stock Exchange, National Stock Exchange and Luxembourg Stock Exchange.

Mumbai, August 27, 2010
+ Kemrock Industries FY10 net sales up at Rs. 738.26 crore Board recommends final dividend of Re 1/-
Mumbai, August 27, 2010 : Kemrock Industries and Exports Ltd., one of the leading manufacturers of reinforced polymer (FRP) composites, today announced the audited financial results for fifteen-month period ended June 30, 2010.

On a standalone basis, net sales for the financial period ended June 30, 2010 stood at Rs 607.83 crore compared to Rs 364.21 crore corresponding financial year-ended March 31, 2009. During this period, EBIDTA stood at Rs 153.05 crore compared to Rs 101.34 crore for the period ended March 31, 2009. Meanwhile, standalone net profit stood at Rs 52.69 crore for the period, ended June 30, 2010 compared to Rs 31.82 crore for the period ended March 31, 2009.

On consolidated basis, the company reported net sales of Rs 716.70 crore and a net profit (after minority interest) of Rs 55.03 crore. Consolidated Financial Statement of the Company includes the financial statements of its subsidiary and joint venture companies.

It may be noted that the company has extended its financial year by a period of three months beyond March 31, 2010 to end on June 30, 2010. Accordingly, the financial results have been prepared for the period of fifteen months from April 01, 2009 to June 30, 2010 and therefore are not comparable.

Meanwhile, the Board of Directors of the company have recommended a final dividend of Re 1.00 per share of Rs. 10 each for FY10, subject to approval of the shareholders at its ensuing Annual General Meeting. This is in addition to an interim dividend of Re. 1/- per share of Rs 10 each declared and paid by the company during FY10.

On May 26, 2010, Kemrock Industries acquired 80% stake in Top Glass S.p.A., one of the eminent and highly qualified producers of Pultruded Composite Profiles, situated at Osnago, 20 Kms north east of Milano, Italy, thereby making it a subsidiary of the company. Top Glass S.p.A, founded in 1963, produces pultruded composite profiles. In the last 45 years, it has developed an outstanding range of FRP/GRP composites solutions, offering standard as well as customized profiles that are used in structural applications, electrical power transmission & distribution, antennas & radomes and infrastructure applications.  It also manufactures and sets up Pultrusion machines and systems. The acquisition of Top Glass S.p.A would enlarge the marketing base in Europe with the proven capability and technologies of top Glass. Top Glass operates from two sites close to Milan (Italy), one in Osnago and the other in Pioltello.

About Kemrock Industries and Exports (BSE: 526015; NSE: KEMROCK; LuxSE US4884721014)

Headquartered in Vadodara, Kemrock Industries and Exports Ltd., is India’s leading producer of FRP/GRP composites, offering a fully integrated range of raw materials and engineered composites products. Established in 1981 as a small start-up and incorporated in 1991, the company offers world-class integrated solutions – from design to delivery - in its state-of-the-art manufacturing unit at Vadodara, which houses most of the processes at a single location. The company provides the largest portfolio of composite products and delivers both ready and customised solutions, which are ideal replacements for traditional materials prone to corrosion & maintenance. The company’s product range includes Thermo-setting Resins & Composite Products such as Windmill Blade , Rail Coach Interiors & Exteriors, Cable Management Systems , Pultruded profiles, Gratings, Piping Systems, Lighting Poles, Access Systems and now Carbon Fibre.

Kemrock Industries has established a prominent position across domestic and international markets, including product presence in over 50 countries. The company’s securities are listed on the Bombay Stock Exchange, National Stock Exchange and Luxembourg Stock Exchange.

Vadodara, May 09, 2010
+ Kemrock Industries Commissions India’s first Carbon Fibre facility
Vadodara/Mumbai, May 9, 2010 : Kemrock Industries and Exports Ltd., one of the leading manufacturer of Reinforced polymer (FRP) composites, today commissioned India’s first carbon fibre manufacturing facility in Vadodara, Gujarat.The Honourable Dr. APJ Abdul Kalam, distinguished Former President of India, inaugurated the facility in the presence of eminent scientists and dignitaries.

This fully integrated plant, which includes polymerization, wet spinning, & carbonization has been set up with technology know-how from CSIR- National Aerospace Laboratory, Bengaluru, with an initial capacity of 400 tonnes per annum. The project investment of Rs. 200 crores has been financed through a mix of equity, debt and internal accruals.

The company will manufacture carbon fibre composites and prepregs for advanced composites applications which would serve the defence, aerospace, wind energy, transportation & infrastructure sectors.Carbon fibre reinforced composites have high strength and stiffness and are also very light weight.

Speaking on the occasion, Mr Kalpesh Patel, CMD, Kemrock Industries and Exports Ltd. said, ‘’ With the commissioning of this unit, we complete the most ambitious project since our inception. Today, we unveil a new chapter that would propel our company to greater heights in the coming years. In-house production of carbon fibre is the first step towards establishing a self sufficient domestic capability to produce composite products for the aerospace, defence and wind energy markets. The carbon fibre capability will be a strategic fit to our existing operations, augmenting our resin production, technical fabric capability and moulding ability.”

The global composite industry is estimated at about USD 85 billion. North America and Europe accounts for about three quarters of the composite industry's total market value. The Asia-Pacific region represents about 20% of the market and the rest for the world accounting for the remainder. Market projections suggest that Asia will be leading the growth in global composites industry , with CAGR of > 5% by 2013. At this growth rate, Asia will represent around 40% of the total composites market.

About Kemrock Industries and Exports (BSE: 526015; NSE: KEMROCK; LuxSE US4884721014)

Headquartered in Vadodara, , Kemrock Industries and Exports Ltd., is India’s leading producer of FRP/GRP composites, offering a fully integrated range of raw materials and engineered composites products. Established in 1981 as a small start-up and incorporated in 1991, the company offers world-class integrated solutions – from design to delivery - in its state-of-the-art manufacturing unit at Vadodara which houses most of the processes at a single location.

The company provides the largest portfolio of composite products and delivers both ready and customised solutions, that are ideal replacements for traditional materials prone to corrosion & maintenance. The company’s product range includes Thermo-setting Resins & Composite Products such as Windmill Blade , Rail Coach Interiors & Exteriors, Cable Management Systems , Pultruded profiles, Gratings, Piping Systems, Lighting Poles, Access Systems and now Carbon Fibre.

The company has established a prominent position across domestic and international markets, including product presence in over 50 countries. The company’s securities are listed on the Bombay Stock Exchange, National Stock Exchange and Luxembourg Stock Exchange.

Vadodara, May 09, 2010
+ Kemrock Industries’ FY10 net sales up 24.4% at Rs. 453 crore Commissions India’s first fibre carbon fibre unit
Vadodara/Mumbai, May 9, 2010 : Kemrock Industries and Exports Ltd., one of the leading manufacturers of reinforced polymer (FRP) composites, posted a 24.4 per cent rise in net sales at Rs. 453.02 crore for the twelve months period ended March 31, 2010 (FY10) compared to Rs 364.21 crore in the corresponding period last year. Net profit grew by 23.07 per cent to Rs 39.16 crore, as against Rs 31.82 crore in the corresponding period March 31, 2010. The earning per shares (fully-diluted) stood at Rs 34.20.

The Board of Directors at its meeting held on April 01, 2010 approved extension of company’s financial year 2009-10 by a period of three months to June 30, 2010. Accordingly, the financial year 2009-10 of the company shall be for a period of fifteen months commencing April 01, 2009 and ending June 30, 2010. The Board of Directors of the company approved the proposal of fund raising for $250 million inclusive of premium through various options.

QUARTERLY PERFORMANCE

For the fourth quarter ended March 31, 2010, the company’s net sales grew by 15.86 per cent to Rs 143.36 crore compared to Rs 123.74 crore in the corresponding quarter last year. Net profit for the quarter stood at Rs 11.77 crore compared to Rs 12.69 crore in the corresponding quarter last year.

COMMISSION OF CARBON FIBRE FACILITY

On May 09, 2010, the company commissioned India’s first carbon fibre manufacturing facility in Vadodara, Gujarat. This fully integrated plant, which includes polymerization, wet spinning, & carbonization, has been set up with technology know-how from CSIR- National Aerospace Laboratory, Bengaluru, with an initial capacity of 400 tonnes per annum. The project investment of Rs. 200 crore has been financed through a mix of equity, debt and internal accruals.

The company will manufacture carbon fibre composites and prepregs for advanced composites applications which would serve the defence, aerospace, wind energy, transportation & infrastructure sectors. The global composite industry is estimated at about USD 85 billion. North America and Europe accounts for about three quarters of the composite industry’s total market value. The Asia-Pacific region represents about 20% of the market and the rest for the world accounting for the remainder. Market projections suggest that Asia will be leading the growth in global composites industry, with CAGR of > 5% by 2013. At this growth rate, Asia will represent around 40% of the total composites market.

About Kemrock Industries and Exports (BSE: 526015; NSE: KEMROCK; LuxSE US4884721014)

Headquartered in Vadodara, Kemrock Industries and Exports Ltd., is India’s leading producer of FRP/GRP composites, offering a fully integrated range of raw materials and engineered composites products. Established in 1981 as a small start-up and incorporated in 1991, the company offers world-class integrated solutions – from design to delivery - in its state-of-the-art manufacturing unit at Vadodara which houses most of the processes at a single location. The company provides the largest portfolio of composite products and delivers both ready and customised solutions, which are ideal replacements for traditional materials prone to corrosion & maintenance. The company’s product range includes Thermo-setting Resins & Composite Products such as Windmill Blade , Rail Coach Interiors & Exteriors, Cable Management Systems , Pultruded profiles, Gratings, Piping Systems, Lighting Poles, Access Systems and now Carbon Fibre.

Kemrock Industries has established a prominent position across domestic and international markets, including product presence in over 50 countries. The company’s securities are listed on the Bombay Stock Exchange, National Stock Exchange and Luxembourg Stock Exchange.