I have been tracking this stock since long and I know this is an excellent Co where one should invest but I was waiting for some more triggers to give me more confidence to write here.
Recently I read that they signed an MOU with HAL, a government of India Enterprise and that has inspired me to give a call here.
I am pasting the whole text that I have saved in my computer for my readers to read and some other joint venture Kemrock has taken as well.
Promoters are constantly buying from the market and increasing the stake which is another good sign for giving the call.
1)Kemrock & HAL signed an MOU for formation of a joint venture company in India to develop and manufacture aerospace grade carbon fiber pre-pregs.
On November 15, 2010, KEMROCK INDUSTRIES AND EXPORTS LIMITED (Kemrock), Vadodara, and HINDUSTAN AERONAUTICS LIMITED (HAL), Bangalore, have signed a Memorandum of Understanding (MoU) to form a joint venture company in India to develop and manufacture the aerospace grade carbon fiber pre-pregs along with its associated pre-pregs for the defense and aerospace programmes in India, and to market and distribute the aerospace grade carbon fiber pre-pregs thus produced. Kemrock and HAL together have identified opportunities for development and marketing of aerospace grade Carbon Fiber Pre-pregs, which has immense potential in aerospace and defense programmes in India as well as globally.
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.
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. Visit web site www.hal-india.com
Kemrock is a leading company in India, engaged in the manufacture of FRP and Composite products; and has set up a Carbon Fiber manufacturing facility at Vadodara, Gujarat, having obtained technology from CSIR-NAL. Kemrock, a leader in the field of FRP/GRP composites delivers standard as well as customized solutions that are ideal replacements for conventional materials. The state-of-the-art facility located close to Vadodara provides high-quality engineered advanced composite solutions.
The company’s product range comprises of carbon fiber, windmill blades & nacelle covers, railway interiors/exteriors, telecom towers, pultruded profiles, pipes and many more FRP/ GRP composite products.
On November 01, 2010, DSM Composite Resins AG, Switzerland, and Kemrock Industries and Exports Ltd., a leading Indian manufacturer of Reinforced polymer composites signed a Memorandum of Understanding (MoU) to form a JV (51:49) for manufacturing of Unsaturated Polyester and Vinyl Ester Speciality Resins in India. Through the alliance with DSM, Kemrock will be able to fortify its expertise in Composite manufacturing and align it to global standards. DSM, one of the leading Composite Resins providers in the world, will 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 to provide specialized resin solutions to the fast growing Indian market.
About DSM Composite Resins
DSM Composite Resins is part of DSM Resins - a group within the Performance Materials cluster of DSM - and is the largest producer of structural resins in Europe and a technology leader in resins for the composites industry. The company is expanding globally, especially in China and India, targeting high added-value segments. Customers are supported via dedicated Centers of Excellence and served either directly or via its Euroresins distribution network. DSM can claim unique competencies throughout the composites value chain. For more information visit the DSM Composite Resins website: www.dsmcompositeresins.com
About DSM – the Life Sciences and Materials Sciences Company
Royal DSM N.V. creates solutions that nourish, protect and improve performance. Its end markets include human and animal nutrition and health, personal care, pharmaceuticals, automotive, coatings and paint, electrical and electronics, life protection and housing. DSM manages its business with a focus on the triple bottom line of economic performance,
environmental quality and social responsibility, which it pursues simultaneously and in parallel. DSM has annual net sales of about €8 billion and employs some 22,700 people worldwide. The company is headquartered in the Netherlands, with locations on five continents. DSM is listed on Euronext Amsterdam. More information: www.dsm.com
About Kemrock Industries and Exports Ltd
Kemrock, a leader in the field of FRP/GRP composites in India, delivers standard as well as customized solutions that are ideal replacements for conventional materials. The state-of-the-art facility located close to Vadodara in the western part of India provides high-quality engineered advanced composite solutions.
The company’s product range comprises of carbon fiber, windmill blades & nacelle covers, railway interiors/exteriors, telecom towers, pultruded profiles, pipes and many more FRP/ GRP composite products. The company’s securities are listed on the Bombay Stock Exchange, National Stock Exchange and Luxembourg Stock Exchange.
3. SAERTEX launches SAERTEX-KEMROCK INDIA LIMITED
a JV with KEMROCK Industries and Exports Limited
SAERTEX-KEMROCK to manufacture structural components for global aeronautical industry
Mumbai, October 15, 2009: SAERTEX, the world leader in non-crimp glass, carbon and aramide fabrics, plans to set up a 50:50 Joint Venture company in India with KEMROCK Industries and Exports Limited, Vadodara, Gujarat; and accordingly, an MOU has been entered into by and between SAERTEX and KEMROCK to form the JV.
The joint venture to be named as SAERTEX-KEMROCK INDIA LIMITED, will set up a new facility for producing various components for Indian and global aeronautical industry.
KEMROCK Industries and Exports Limited, a publicly listed company, is India's largest composite manufacturing and exports company with state of the art facility in Vadodara, Gujarat. Kemrock is capable to manufacture various composite products like Wind Mill Blades, GRP / FRP Pipes, Moulded and Pultruded Gratings, Varieties of customized mouldings and Polymers like Epoxy, Polyester and Phenolic. It also posses strong Design and Testing facilities.
Announcing the joint venture, Dr. P K C Bose, Managing Director and CEO, SAERTEX India said, proposed “SAERTEX-KEMROCK India Limited would be the first facility outside Germany set up by SAERTEX to produce high-end carbon composite components for aeronautical applications. Overall it is the second facility to be set up by SAERTEX in India. KEMROCK is an ideal partner for us due to its cutting edge expertise in composite manufacturing and strong Indian operations.”
Kalpesh Patel, Chairman & Managing Director, KEMROCK Industries and Exports Limited said, “KEMROCK has a vision to set up a well flourished Global “Composite Village” in India. The joint venture with SAERTEX is part of our vision to partner with global leaders in design, development and manufacturing of niche technologies specially on carbon fiber based aeronautical components.”
SAERTEX-KEMROCK INDIA LIMITED facility will be located in Vadodara, Gujarat. The facility is expected to be commissioned in mid 2010. SAERTEX has close association with most of the aircraft manufacturers in the world and KEMROCK has strong manufacturing capability which is the ideal combination for such major projects.
SAERTEX is a German Multinational Corporation established in 1982 and is the world leader in glass, carbon and aramide fabrics with manufacturing bases in nine strategic locations around the world. SAERTEX India, located in Pune, is 100% owned by SAERTEX Group, Germany. SAERTEX India was established in 2006 and is currently the market leader in India for glass fibre fabrics mainly used for wind mill blade manufacturing, automotive and other industrial applications. Please refer www.saertex.com for more information.