NEWS & EVENTS

SARLA was awarded The EPCES [Export Promotion Council for EOU & SEZs] Award for “The Best EOU (other than MSME) unit” under SEEPZ-SEZ in the product group category, Textile and Textile Products for its outstanding Export Performance in the year 2015-2016.

Sarla Performance Fibers Limited is once again, proudly recognised at the SME Business Excellence Awards hosted in New Delhi on November 23rd 2015. The company won the award in the Textiles & Garments- Mid Corporate Sector for the year 2015.

Sarla Performance Fibers Limited Q4 & FY2013 Earnings Conference Call conducted on Wednesday,18th Feb 2015 at 1:30 pm IST.


Conference Call Invite.
Conference Call Text Transcript

Sarla Performance Fibers Limited is the proud winner of the BEST GLOBAL BUSINESS AWARD 2014 at the SME Business Excellence Awards hosted in New Delhi on November 24th. 2014. This initiative was launched by The Times Group, Federal Bank and Dun & Bradstreet (D&B) to recognize and felicitate SMEs who have demonstrated exemplary performance in their respective fields.

Mr. Parantap Dave has joined SPFL’s Board of Directors as an Additional Director with effect from September, 2014.

Sarla Performance Fibers, is now an ISO 9001:2008 Certified company, reinforcing its focus on quality and service.

Mr. L.P Aggarwal has joined SPFL’s Board of Directors as an Additional Director with effect from 1st November, 2013.

Press Release
Sarla Performance Fibers - First Indian Company to manufacture Nylon 66 High Tenacity Yarn Highly Technical value added product currently manufactured only by few companies world wide now being produced in India Mumbai, 10th July 2013: Download This PDF

Sarla Performance Fibers, a 100% EOU engaged in the manufacturing of high value added nylon and polyester yarn and threads and enjoying strong customer relationships with renowned brands across the Americas, Europe and Asia, has begun manufacture of Nylon 66 high tenacity yarn.

Nylon 66 high tenacity and lower shrinkage yarn product is a niche and specialized offering. High end users include parachutes, car air bags, specialized sewing applications in automotive, shoes, leather, Industrial filters, hoses etc.

Commenting on the successful completion and inauguration, Mr. Krishna Jhunjhunwala, Managing Director of Sarla Performance Fibers said, “We are delighted to announce that after a significant amount of time, effort and investment, Sarla has now begun the manufacture of Nylon 66 joining the elite league of few companies having similar offerings. This high tenacity and lower shrinkage product has strong demand for premium applications the world over.”

The transaction is being funded via a combination of $ 10 million debt while the remainder is from internal accruals. Expansion or setting up of new textile plants targeting the apparel industry in the US is becoming more attractive as a result of NAFTA & CAFTA agreements which make imports into the US extremely uncompetitive.

—ENDS—

About Sarla Performance Fibers Limited (SPFL)

SPFL is a 100% EOU engaged in the manufacturing and export of high value add polyester and nylon textured, twisted and dyed yarns, covered yarns, high tenacity yarns and sewing thread..

Beginning as a manufacturer of commodity yarns, the company has successfully shifted its focus and established itself as a manufacturer of specialized and higher value added yarns. Our strength lies in customizing the product as per each individual customer’s requirements and specifications. Over the years SPFL has expanded its activities with the expansion and upgradation of existing facilities in India, as well as through creation of new facilities overseas with the primary objective of establishing closeness to customers to provide quick and efficient services to them. With clients in all major countries across the globe & a presence in key international locations, SPFL has developed a strong customer base. Today, the company is run by its promoters, Mr Madhusudhan Jhunjhunwala, the Chairman and Mr. Krishna Jhunjhunwala, the Managing Director. The company’s head office is located in Mumbai, India and its manufacturing facilities are situated 160 km outside Mumbai in Silvassa and Vapi. It has an installed capacity of 11,900 tons per annum for manufacturing yarns in Silvassa and 3,200 tons per annum for a Dyeing unit at Vapi.

For further information, please contact:

Neha Jhunjhunwala Gavin Desa/Rishab Barar
Sarla Performance Fibers Limited CDR India
Tel: +91 22 2283 4116 Tel.: +91 22 66451237/1238
Fax: + 91 22 2285 1728 Fax: +91 22 66451213/1200
E-mail: neha@www.sarlafibers.com E-mail: gavin@cdr-india.com/
rishab@cdr-india.com
Website: www.sarlafibers.com

Disclaimer:
Certain statements in this document may be forward-looking statements. These statements entail risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. Sarla Performance Fibers Limited (SPFL) is under no obligation to and expressly disclaims any such obligation to update or alter its forward-looking statements whether as a result of new information, future events or otherwise. The Company may, from time to time, make additional written and oral forward looking statements, including statements contained in its filings with the regulatory bodies and reports to shareholders.


SARLA PERFORMANCE FIBERS LIMITED
CORP. OFFICE: 304, Arcadia, 195, Nariman Point. Mumbai, INDIA. TEL: + +91-22-2283 4116 / 4032 2786 FAX : +91 22 2285 1728
REGD. OFFICE: Survey No. 59/1, Amli Piparia Industrial Estate, Silvassa – 396 230 U.T. of Dadra & Nagar Haveli.
Website: www.sarlafibers.com

SARLA was awarded The EPCES [Export Promotion Council for EOU & SEZs] Award for “The Best EOU (other than MSME) unit” under SEEPZ-SEZ in the product group category, Textile and Textile Products for its outstanding Export Performance in the year 2012-2013

Sarla Performance Fibers Limited Q4 & FY2013 Earnings Conference Call conducted on Tuesday, 4th June, 2013 at 12:00 noon IST.

Conference Call Invite
Conference Call Text Transcript

Press Release
Sarla Performance Fibers investing $ 13.8 million to set up facility in USA
Unit to create 100 new jobs in Colleton County, South Carolina Mumbai, 26th December 2012:Download This PDF

Sarla Performance Fibers, a 100% EOU engaged in the manufacturing of yarn and threads and enjoying strong customer relationships with renowned brands across the Americas, Europe and Asia, has announced that it will locate its new manufacturing operations in Colleton County, South Carolina, USA.

The Company, which is based in Mumbai, India and has manufacturing facilities in Silvassa and Vapi, will establish a new yarn and thread manufacturing facility in Colleton County under the name Sarlaflex, Inc (a Wholly Owned Subsidiary) located at Industrial Park in Walterboro. The facility will serve customers in the apparel and upholstery markets. The new plant is expected to commence operations in the first quarter of FY13-14.

Sarla is investing $ 13.8 million into the business which is expected to create 100 new jobs in Colleton. The plant will import polyester chip and produce POY & DTY that is NAFTA/CAFTA compliant.

The transaction is being funded via a combination of $ 10 million debt while the remainder is from internal accruals. Expansion or setting up of new textile plants targeting the apparel industry in the US is becoming more attractive as a result of NAFTA & CAFTA agreements which make imports into the US extremely uncompetitive.

Additionally, Sarla has a very strong customer base enjoying valued relationships with renowned brands all across North and Central America and this facility will give the Company an even better customer reach and understanding of their requirements which in turn would strengthen and deepen its associations with customers.

Commenting on the announcement Gov. of South Carolina, Nikki Haley said, “We are thrilled that Sarla Performance Fibers has chosen South Carolina for its new manufacturing facility. The announcement is another indication that companies from across the globe are seeing the benefits of doing business in our state. It’s also exciting to see Sarla Performance Fibers invest $13.8 million and create 100 new jobs in one of our state’s rural areas.”

Commenting on the announcement, Bobby Downs, Executive Vice President of Sarla Performance Fibers and President of newly formed subsidiary, Sarlaflex said, “We are pleased to establish our U.S. presence here in South Carolina. Colleton County offers us an excellent business environment, skilled workforce talent, exceptional market access and close proximity to the Port of Charleston. We appreciate all the support we’ve received from state and local officials in bringing this project to fruition”

Mr. Krishna Jhunjhunwala, Managing Director of Sarla Performance Fibers said, “We are delighted to announce that Sarla will now be setting up a manufacturing unit in South Carolina for the manufacture of POY & DTY. This initiative which is the first of its kind by an Indian textile company will enable us to better understand and relate to the needs of our customers and as a result expand and deepen relationships. By setting up of this facility alone, we will be creating about 100 new jobs and are very excited to contribute to the economic development of South Carolina.”

—ENDS—

About Sarla Performance Fibers Limited (SPFL)

SPFL is a 100% EOU engaged in the manufacturing and export of polyester and nylon textured, twisted and dyed yarns, covered yarns, high tenacity yarns and sewing thread.

Beginning as a manufacturer of commodity yarns, the company has successfully shifted its focus and established itself as a manufacturer of specialized and higher value added yarns. Our strength lies in customizing the product as per each individual customer’s requirements and specifications. Over the years SPFL has expanded its activities with the expansion and upgradation of existing facilities in India, as well as through creation of new facilities overseas with the primary objective of establishing closeness to customers to provide quick and efficient services to them. With clients in all major countries across the globe & a presence in key international locations, SPFL has developed a strong customer base. Today, the company is run by its promoters, Mr Madhusudhan Jhunjhunwala, the Chairman and Mr. Krishna Jhunjhunwala, the Managing Director. The company’s head office is located in Mumbai, India and its manufacturing facilities are situated 160 km outside Mumbai in Silvassa and Vapi. It has an installed capacity of 11,900 tons per annum for manufacturing yarns in Silvassa and 3,200 tons per annum for a Dyeing unit at Vapi.

For further information, please contact:

Neha Jhunjhunwala Gavin Desa/Rishab Barar
Sarla Performance Fibers Limited CDR India
Tel: +91 22 2283 4116 Tel.: +91 22 66451237/1238
Fax: + 91 22 2285 1728 Fax: +91 22 66451213/1200
E-mail: neha@www.sarlafibers.com E-mail: gavin@cdr-india.com/
rishab@cdr-india.com
Website: www.sarlafibers.com

Disclaimer:
Certain statements in this document may be forward-looking statements. These statements entail risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. Sarla Performance Fibers Limited (SPFL) is under no obligation to and expressly disclaims any such obligation to update or alter its forward-looking statements whether as a result of new information, future events or otherwise. The Company may, from time to time, make additional written and oral forward looking statements, including statements contained in its filings with the regulatory bodies and reports to shareholders.


SARLA PERFORMANCE FIBERS LIMITED
CORP. OFFICE: 304, Arcadia, 195, Nariman Point. Mumbai, INDIA. TEL: + +91-22-2283 4116 / 4032 2786 FAX : +91 22 2285 1728
REGD. OFFICE: Survey No. 59/1, Amli Piparia Industrial Estate, Silvassa – 396 230 U.T. of Dadra & Nagar Haveli.
Website: www.sarlafibers.com

On 30th September 2012, SPFL commissioned an additional 2 Wind Turbine Generators of 2 MW per anum each in Sangli District, Maharashtra. Today, SPFL commands a wind power generating capacity of 7.25 MW per annum from its 4 WTG’s combined.

SarlaFlex LLC. USA was incorporated on 2nd April 2012 in Colleton County, Walterboro, South Carolina as a 100% subsidiary of Sarla Performance Fibers, India.

On 31st March 2011, SPFL commissioned its second wind turbine generator (WTG) in Visapur, Maharashtra. This WTG has a capacity of 2 MW.

Sarla Performance Fibers (SPFL) reported significant improvement in Consolidated H1 EPS of Rs.17.86 on the back of 20% increase in sales. Most of the sales increase was driven by export of value added high tenacity nylon and polyester yarns. SPFL –Standalone sales (excluding trading sales) volume rose by 25% and average selling price by 3% during the first half of the financial year. Savitex, a joint venture company of SPFL in Central America also supported this growth by increasing its revenue by 16%.

Commenting on this H1 performance, SPFL’s MD Mr. Krishna Jhunjhunwala said “We have been working hard to achieve a strong growth. Our growth in Q2 is especially noteworthy because the RM cost pressure was quite sudden and sharp. We have managed to pass on some of the material cost increases and expect to pass on further going forward. Had it not been for this sharp spike in RM cost, our earnings would have surged further. SPFL is benefiting from its recent presence in Turkey, Portugal and direct sales to large customers in the US”. He also mentioned that “demand in Europe and US market continues to remain under pressure but that has increased scope of low cost outsourcing and SPFL is well positioned to benefit from the same. Current situation in Europe and US also presents the company with the opportunity to carry out strategic buyouts and partnerships to increase its sales further in these markets and reach large customers directly.”

SPFL has cash (including cash equivalents) of Rs. 88mn and working capital debt of Rs 279mn at the end of H1. Company’s book value stood at Rs 118 per share at the end of H1, an increase of 8% over FY10. SPFL continued to monitor foreign exchange situation and does not foresee any major threats on this front due to its natural hedge of imported raw material.

Last year, SPFL invested in wind power capacity of 1.250 MW by spending Rs. 63mn. This year, depending upon the cash surplus and attractiveness of the returns it will consider investing fresh funds in wind power. In core business, the CAPEX needs are limited and are unlikely to exceed Rs 30mn (excluding Building CWIP) this year.

About Sarla Performance Fibers Ltd.
SPFL is a leading exporter of high tenacity polyester and nylon yarns, having plants in India (Vapi, Silvassa) and Central America (through JV in Honduras). Over the last 15 years, SPFL has exported yarns worth Rs 5.95bn. In FY10, SPFL achieved revenue of Rs 1.31bn, cash profit of Rs 0.17bn and paid a dividend of Rs 3.5 per share. SPFL is promoted by Madhusudan Jhunjhunwala and Krishna Jhunjhunwala. The Jhunjhunwala family holds 63% in SPFL and the balance is held by public. SPFL stock has a face value of Rs10 and is listed on the Bombay Stock Exchange and the National Stock Exchange with a market capitalization of Rs 1078 mn as on 10 November, 2010.

SPFL’s recently established Joint Venture in Turkey witnessed a grand inaugural. The ribbon cutting ceremony was attended by both partners.

Sarla Performance Fibers (SPFL) reported significant improvement in Consolidated Q1 EPS of Rs. 7.89 on the back of 53% increase in sales, excluding sales of traded goods last year in Q1. Most of the sales increase was driven by export of value added high tenacity nylon and polyester yarns. SPFL sales volume rose 29% and average selling price by 11% during the quarter. Savitex, a joint venture company of SPFL in Central America also supported this growth by increasing its revenue by 38%.

Commenting on this Q1 performance, SPFL’s MD Mr Krishna Jhunjhunwala said “We are not surprised by this earnings growth in Q1 and barring unforeseen situation expect a healthy growth in the coming quarters due to addition of big new clients, sourcing arrangements with dedicated buyers in Turkey and Portugal and increased production from company’s high tenacity nylon yarn plant.” He also mentioned that “demand in Europe and US market continues to remain under pressure but that has increased the scope of low cost outsourcing and SPFL is well positioned to benefit from the same. Current situation in Europe and US also presents the company to carry out strategic buyouts and partnerships to increase its sales further in these markets and reach large customers directly. “

SPFL has cash of Rs 76m and working capital debt of Rs258m at the end of Q1. Company’s book value stood at Rs 113 per share at the end of Q1, an increase of 4% over FY10. SPFL continued to monitor foreign exchange situation and does not foresee any major threats on this front due to its natural hedge of imported raw material.

Last year, SPFL invested in wind power capacity of 1.250 MW by spending Rs63m. This year, depending upon the cash surplus and attractiveness of the returns it will consider investing fresh funds in wind power. In core business, the CAPEX needs are limited and are unlikely to exceed Rs25m (other than new factory building) this year.

About Sarla Performance Fibers Ltd
SPFL is a leading exporter of high tenacity polyester and nylon yarns, having plants in India (Vapi, Silvassa) and Central America (through JV in Honduras). Over the last 15 years, SPFL has exported yarns worth Rs 5.75bn. In FY10 SPFL achieved revenue of Rs 1.31bn, cash profit of Rs 0.17bn and paid a dividend of Rs3.5 per share. SPFL is promoted by Madhusudan Jhunjhunwala and Krishna Jhunjhunwala. The Jhunjhunwala family holds 63% in SPFL and the balance is held by public. SPFL stock has a face value of Rs10 and is listed on the Bombay Stock Exchange and the National Stock Exchange with a market capitalization of Rs 850mn as on 12 August, 2010.

SPFL has put up a Wind Mill with a capacity of 1.250 MW in Baradiya, Gujarat. A strategic diversification, this venture is part of our environmental consciousness and social responsibility. Power generated from this Wind Plant is used capitvely for our dye house in Vapi.