by yellow knife Mon Aug 01, 2016 5:56 pm
ROCEL too helped in bottom line .
AS Jana mentioned in LWL thread, crude oi price influenced the ceramic industry and let me quote form the Annual report.
" The plummeting global oil prices had a postie impact on the tile industry and sanitary ware industries: bringing down the production costs advantageously. With energy costs being one of the largest expenditure components of the production process.."
Oil has given two strategies for investors
1. Shfiting among comapnies that get +/- with oil price influence.
Eg: Buying ceramic, pvc, rubber related manufacting company shares when oil price come down and exit when oil bottomed up.
2. Diversify between companies where oil price influence positively and negatively.
VONE gets the benefits of lower oil price in ceramic industry but adversely affected in rubber related plantations like HoPL.
My choice is also the choice of VONE where strategically prepare for positives and negatives of oil by diversifying the portfolio than shifting.
However shifters get more advantages than diversifying in investing shares.
ROCEL has achieved many international standards like CE Marks Certification without which you would not be able to export to Euro zone.
[You must be registered and logged in to see this image.]Expansion
[th][/th]| Conformité Européenne |
[th]Effective region[/th]| European Economic Area |
[th]Product category[/th]| Various |
[th]Legal status[/th]| Mandatory |
[th]Website[/th]| CE Marking homepage |
By now ROCEL is well established in Oalkeing , Melbourne and well footed in State of Victoria of Australia. Further expansion is expected in Pakistan and Maldives.
Manufacturing industry like happened in South Korea, has to first achieve a Monopoly status within home land and next improve in quality to export. ROCEL has passed the relevant stages of learning curve and we hope that they will pass the tough tests of export world. .
This is what business is.
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