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 Statement by N. B. Godrej, Managing Director

N. B. GodrejWith effect from April 1, 2001, we have separated the chemicals business from the consumer products business to have an added focus. We are the pioneers in the oleochemicals industry in India. As part of meeting the challenges of globalisation, we have decided to focus on international markets by going in for value-added products in niche markets.

Our approach to business has been providing international class service to our customers. As part of the Godrej Group, we have a corporate image of quality and integrity. We shall strive for excellence by nurturing, developing and empowering our employees, by encouraging an open atmosphere conducive to learning and teamwork. Together with our business associates and their continuous feedback, I am sure we shall take the business to greater heights.

B A S I C    F A C T S

Godrej Industries, an integral part of the US$1.875 billion Godrej Group, is India's leading manufacturer of oleochemicals. The company makes more than hundred chemicals and exports its products to more than 40 countries.

Products from the GIL portfolio are used in a variety of applications: cosmetics, tyres, detergents, pharmaceuticals, cigarettes, toothpaste and more.

The company has modern, integrated chemical factories at Valia in the Indian state of Gujarat and at Vikhroli in suburban Mumbai.

Godrej Industries leads the Indian market in the production of fatty acids, fatty alcohols and AOS. It is among the top three largest producers of glycerine in the country.

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