India’s TOP 500 Companies 2021

INDIA’S TOP 500 COMPANIES 2021 389 Advertorial System Business on regular basis. The Company plans to start three new manufacturing units at new locations viz. Guwahati (Assam), Cuttack (Odisha) and Perundurai (Tamil Nadu) for Plastic Pipes, Water Tanks, and Septic Tanks etc. b) Consumer Products: The Company manufactures furniture using three different technologies, namely injection moulding, blow moulding and Roto moulding. Supreme introduces newmodels on a continuous basis. Some models are introduced with Gas Injection moulding technology using glass reinforced polymers. Supreme is committed to make available its furniture across India and is aggressively working towards increasing its retail penetration. The Company currently has 13,650 retailers selling its furniture who are serviced through network of 1,251 channel partners. Supreme plans to add 1,400 retail outlets during the year. Supreme’s furniture range is sold on various e-commerce portals. The company’s export business in 2020-21 grew by 27% over previous year. c) Industrial Products: Includes Industrial Components, Material handling System and Pallets - Roto moulded crates, pallets and garbage bins and Composite LPG Cylinders. The business scenario in the Industrial Component remains bullish in medium and long term with business-friendly policies by the Govt. Company has planned need based capacity augmentation to handle the projected increased demand going forward. In the Material Handling Products, with the increased demand, the division is augmenting its production capacities by expansion. There is an improved volume of Industrial Crates, Injection Pallets and one- time Cargo Pallets. increased focus is on to meet the requirements of F&V, e-commerce, retail and FMCG. Company keeps strong focus on Fisheries Jumbo Crates. The Company also plans to introduce new models in Pallets, Crates and Ice boxes in Roto Moulding. In Composite LPG cylinder business, M/s Indian Oil Corporation Limited, purchased small quantity of Composite Cylinders in March 2021 for marketing trials in 4 cities of India. This augurs well for the long-awaited introduction of Composite Cylinders in Indian market. Repeated orders from multiple existing as well as new customers stood testimony to the excellent quality of the current product offering. d) Packaging Products: These products include Flexible Packaging Film products, Protective Packaging Products (PPD) and Cross Laminated Film products and crossline bonded film products. The films division achieved total sales of 7,816 MT in FY21 as against 7,722 MT in FY20. In PPD the Volume was lower by 7.6%. The business of Cross Laminated Film & Products recorded an impressive growth of about 28% in volume terms Renewable Energy – a way forward The Company is committed and has taken very focused approach to ensure that it uses more and more green and renewal energy and becomes more environment friendly. Initial steps had been taken earlier by installing captive generation solar plants and Rooftop Solar plants at some of its plants. The Company is also using wind and solar power through Captive consumer / open access mode. The process of using more and more renewable energy shall be continued. The Company wishes to be carbon neutral at the earliest feasible. Brand Building Initiatives The company is continuously working to strengthen its brand image and has been increasing its spend on advertisement through electronic and print media while participating in several national and international exhibitions. Additionally, Supreme organises large number of plumbing workshops to educate plumbers on how to install the piping system in a cost-effective manner. Besides, meets with plumbers, farmers, plumbing contractors, builders and architects are also held throughout the year. The company has also opened knowledge canters in several parts of the country to showcase its product portfolio, guide on correct installation techniques with a focus on plastics pipe system and cross laminated film products for several cost-efficient applications. Capital Expenditure Plans for FY22* During the current year i.e. FY22, the Company envisages New Capex in the range of about ` 400 crores (including carry forward commitments of ` 198 Crs. at the beginning of the year), mainly on the following: • Putting new unit at Assam to manufacture PVC Pipes and Roto & Blow Moulded products. • Putting up a plastic product complex near Cuttack in Odisha where required land has already been purchased and taken possession thereof. • Putting up a plastic product complex near Erode in Tamilnadu. The Company has already taken possession of about 33-acre land from SIPCOT. • Establishing capacity to manufacture olefin Fittings/ PEX Piping System at Jadcherla. • Expanding capacities of its bath fitting products at Puducherry. • Adding varieties of new injection moulded fitting products in its plastic Piping products. • To add new models of Injection moulded furniture, Crates & pallets in the Company’s range of furniture and Material Handling Products. • Adding several capacities of Water Tank moulds and additional Roto Moulding machines. • To increase capacities of Industrial Component moulding at various location in view of increased business opportunities. • To add necessary equipment at its Protective Packaging and performance packaging division. • To install Rooftop Solar energy generation plants at its various locations. • To install balancing equipment at various locations. Supreme’s Product Portfolio *As per the information provided by the company. Dun & Bradstreet