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Providing Solutions for Industrial Bulk Packaging
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Kanpur Plastipack NEWS
PRESS NOTE
Issued by Kanpur Plastipack Limited, Kanpur.
Date : 31st July 2011.
KANPUR PLASTIPACK ANNOUNCES BONUS ISSUE WITH HEALTHY GROWTH IN PROFITS
Kanpur Plastipack Ltd a leading manufacturer and Exporter of Industrial Packaging products has today reported a 4 times increase in its Profit before tax in the first quarter ending 30th June 2011 at Rs 198 lacs as compared to the corresponding quarter in the previous year which stood at Rs 52 lacs. This was largely driven by improved performance in its Export activities and better operational efficiency. Turnover recorded a rise of 38% and stood at Rs 3800 Lacs as against Rs 2750 lacs in the same period last year. The new Multi Filament yarn project was fully commissioned and made operational operating to 100 % of its rated capacity during this period within one month of its commissioning.
The company announced its audited results for the Year ending 31st March’11 and unaudited results for the quarter ending 30th June 2011 at its Board meeting held on 30th July at Kanpur. Managing Director Manoj Agarwal informed that the company had completed 40 years of its existence and on this occasion was happy to announce that the Directors have recommended a maiden Bonus Issue in the ratio of 1:2. The Shareholders have waited for 25 long years for this momentous occasion to arrive. The directors have also recommended a Dividend of 10 % for the year 10-11.
Sales for the year rose by 20 % and stood at Rs 121 Cr. for the financial year ending 31st March 11 as against Rs 102 Cr. over same period last year . Announcing these results the Managing Director, Manoj Agarwal further said that there continues to remain robust demand for the company’s products in Europe and the USA. There is a perceptible shift amongst Buyers in these economies to look at India as a reliable source of supply and move away from our competitors in Turkey and China which the company has been able to leverage in its favour. The company has successfully identified new markets in other parts of the world enabling the company to broaden its marketing footprint and mitigate risks. Operations remain robust in the current year and the company is confident of another good year of profitability.
New Developments
A brand new Finishing Unit wih an additional 150,000 sq. feet of built factory space was commissioned in September, 2007 and became fully operational by March, 2008. Kanpur Plastipack now boasts one of the largest totally integrated Finishing FIBC Units in the world
Clean Room for FOOD Grade FIBC has been awarded BRC Certification and ISO 22000 approval.
With our upgraded facilities we are able to offer a wider portfolio of FIBC's.
- Anti Static and Conductive Bags : Both Type c and Type D
- Food Grade Bags
- ISO 22000 approved Bags.
- Form Fit liner Bags.
- UN Certified Bag
- 'J - Lock' stich for amorphous product packaging
- Tunnel Lift Bags for UK
Food Grade FIBC
Kanpur Plastipack now has certification for International quality approvals for food grade FIBCNew Features
We, at KPL alwyas strive for better customer experience. kanplas.com is in the process of being upgraded to provide a CLIENT LOGIN where customers will be able to see status of their orders, order archives and other analytical features to help making them decisions
Investor's Desk
All shareholder grievances can be fast-tracked by emaiing us at info@kanplas.com
The AGM was conducted on 15th September, 2008
Job Opportunities
We recruite highly motivated candidates at Kanpur in our Marketing, Finacne and Administraion Departments. Production Dept. is always recruiting experienced motivated anf qualified technical Engineers, Supervisors and Managers.