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May 10, 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.