09-02-2013, 04:11 PM
Finolex Industries Ltd.
Finolex.pptx (Size: 470.09 KB / Downloads: 58)
Vision
To maintain our leadership position in our area of our business through excellence and innovation.
To continuously create new opportunities for growth and establish global presence.
To be amongst most admired Companies to work for and to be associated with.
Mission
To enhance value generating capability of the Company in a globalizing environment, delivering superior and sustainable customer value.
To display highest commitment to excellence in product quality, service and enriching customers through added value.
Build exceptional standards and systems for productivity, performance, safety, environment and quality.
Expand manufacturing facility and distribution network to cater to all regions in the country.
Be a socially responsible corporate, addressing need of community and environment.
Empower and energise employees to embrace new ideas, learn continuously and build HR processes for continual capability development of its talent.
Company Background
Industry Name : Petrochem – Polymers
Finolex Industries Limited (FIL) was established in 1981.
Headquarter in PUNE.
Manufacture Rigid PVC Pipes and Fittings at Pune, which find large-scale application in the agriculture sector.
The Finolex Group expanded its business domains to manufacture Copper Rods.
Today the group turnover exceeds Rs.30 Billion out of which FIL’s turnover is Rs.343.96 crores.
Important Events in History
From 1984 to 1988, FIL won the PLEXCONCIL "Top Exporter Award" on five consecutive occasions.
Finolex is the first company in India to start manufacturing LAN Cables.
In 2008, FIL introduced LEAD FREE Plumbing pipes as per ASTM Standards.
In 2008, FIL started a brand new state-of-the-art unit for manufacturing agriculture pipes and casing pipes at Urse, Pune with the capacity of 28000 Metric Tonnes p.a.
GreenTech Environment Excellence Gold Award.
Porter’s Five Force Model
Threat of new entrants is LOW.
Bargaining power of BUYER is HIGH.
Bargaining power of SELLER is LOW.
Threat of substitute product is LOW.
Rivalry among competing sellers is HIGH.
Conclusion
Finolex being one of those companies which has a great customer base, profit earning ratio and total asset investment they have a scope to grow further and acquire better market share and be market leaders.