The 5-year analysis of West Coast Paper Mills Ltd's performance infers:
We analysed the performance of West Coast Paper Mills Ltd share prices over the last 10 years. Here is what we found out:
West Coast Paper Mills, incorporated in 1955, is engaged in manufacturing paper, paperboard and coated duplex board.The company is flagship company of Kolkata based- SK Bangur Group.
The company contributes nearly 60% to Groupâ€™s revenue. In the year 1955, company was established at Dandeli, Karnataka. Products manufactured by company cater the writing, printing and packaging demand of millions of customers across the globe.
West Coast has received ISO 9001:2000 certification by
West Coast has received ISO 9001:2000 certification by the DNV, the Netherlands for quality management.
The company uses Eucalyptus, Casuarina, Subabul and other Hardwood as a raw material. It procures these raw materials from Andhra Pradesh, Tamil Nadu and Pondicherry. It imports a small quanitity of raw materials for production of specialty papers. West Coast Paper's annual raw material requirement is about 3,50,000 MT per annum.
In order to meet power requirement the company has set up 4 turbines with capacity totalling to 40.30 MW, 3 multi-fuel based power plants of 11.84 MW - aggregate captive power generating capacity being 52.14 MW. The company also supplies power of 8,500 KVA to the Karnataka Power Transmission Corporation.
The paper manufacturer has installed Enterprise Resource Planning System (ERP) in links mills with corporate offices and branch offices. It Rs.4.50 crore worth ERP solutions has been set up by Tata Consultancy Services.
The company has many first to add to its credentials. It was first in Asia to install twin-wire Papriformer paper machine; first to have well equipped research centre attached with a paper mill; and first in India to establish the use of sulphuric acid as a protective agent in conventional bleaching, amongst others.
The company exports its products to Malaysia, Egypt, Middle East, Kenya, Indonesia, Fiji, Mauritius and Greece, amongst others.
The SKB (S K Bangur) group has business interest in area of paper, power and telecom cables, chemicals, tea, coffee and rubber plantations and information technology. The group is managed by Chairman S K Bangur. It operates companies namely The West Coast Paper Mills, Sudarshan Telecom, Rama Newsprint & Paper Mills, Fort Gloster Industries, Jayshree Chemicals, Kil Kotagiri Tea & Coffee Estate Company, Thirumbadi Rubber Company, Speciality coating & Laminations and Global IT Services.
West Coast Paper Mills plans to undertake various strategic initiatives to widen its product portfolio as well as global presence.