The 5-year analysis of Ludlow Jute & Specialities Ltd's performance infers:
We analysed the performance of Ludlow Jute & Specialities Ltd share prices over the last 10 years. Here is what we found out:
Ludlow Jute & Specialities Ltd., which has remained in the forefront of product innovation and technological breakthroughs was built by Ludlow Corp. of the U.S.A on the bank of the river Hooghly at Chengail in Howrah district of West Bengal. Besides its leadership status in the industry, Ludlow happens to be the only jute mill in India built by the Americans. The mill was purchased by S.S Kanoria group, one of India 's leading diversified business houses in 1977.
Not only has the new
Not only has the new management been making adequate investment in modernization and installation of specialized equipment, but it also has heralded the introduction of a number of value added products as the blending of jute with other natural/manmade fibres.
Ludlow won the distinction of being the first jute mill in the world to get ISO-9002 certification for its entire range of jute products. Naturally, Ludlow products find great favour with buyers all over the world.
Ludlow has always been in the forefront of the Indian jute industry with innovative products. Equipped with state-of-the art machines from preparatory to finishing sections and manned by a highly skilled workforce, Ludlow has developed products like Jute Mesh/Scrim for Roofing Felt, Agriculture, Horticulture and Webbing for Furniture Industry, Rubber Bonded jute cloth for Landscaping, special fabrics for Furnishing and Apparel, Soil Saver known as Geo-textile and Carpet-backing Cloth. Ludlow products set the quality benchmark for the industry. Continuous modernization, focus on high value added products and strict quality control are some of the outstanding features of Ludlow, which exports nearly 45 percent of its production. The care for quality and after sale service has made the Ludlow brand equity strong. What makes Ludlow different from the rest in the industry is that from the very beginning it has zealously promoted a quality conscious culture. The culture is ingrained among all sections of Ludlow employees.
The company continues to invest heavily in sophisticated machinery and equipments. It has modernized various sections of the factory and reoriented workforce, thereby gaining the reputation of a forward looking, quality conscious organization with high productivity. Ludlow makes an aggressive marketing pitch to reach out to new markets as it continuously introduces new products to serve its existing markets.
Ludlow has the honour to be the first jute mill in the world to be recognized as an ISO 9002 company for all its products in 1994. Subsequently it obtained ISO 9001-2000 certification in recognition of its continued maintenance of quality standards.
Ludlow is ideally situated on the banks of the river Hooghly with 1.2 million sq. ft-constructed area within 100 acres of prime land. Driven by a strong sense of social and environmental responsibility, the company is maintaining the premises in the most eco-friendly way.
Ludlow is the only one in the industry which besides having an area of half million square feet in the mill's first floor has an additional space of half million square feet under the mills land for various production and service activities including storage. This will facilitate significant capacity expansion in the future.
Product range of the company includes:
Conventional ProductsHessian cloth of various width and specifications