Greenlam Scores ‘Firsts’ with GreenLabel Award

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) January 27, 2010 -- SINGAPORE, January 27, 2009 – Manufacturer of high-pressure laminates for the interior design industry, Greenlam Asia Pacific Pte Ltd, today announced that the company had been awarded the Singapore Environment Council’s (SEC) GreenLabel certification, a first for an Indian brand and the first company globally to have its entire product range certified by the SEC.

The GreenLabel certification covers more than 400 eco-friendly laminates in Greenlam’s product range – from classic wood-grain finishes to the latest metallic and leather designs.

Headquartered in New Delhi, Greenlam Asia Pacific Pte Ltd was established in Singapore in 2005 and has grown rapidly to become the leading supplier in the Republic of laminates for the interior design industry.

As a measure of its rapid growth, in its 2008/2009 financial year (April 1, 2008 - March 31, 2009), Greenlam Asia Pacific achieved a total revenue of US$3.7 million (S$5.2 million).

In its 2009/2010 financial year, which ends on March 31 this year, the company has already achieved a total revenue of US$7.2 million (S$10.1 million) in the last nine months, and targets to achieve over US$12 million (S$16.8 million) at the end of this financial year.

Moving forward, the company is planning to move to a new facility in Sungei Kadut, tripling the size of its current operation and forecasts to achieve 50 percent growth year-on-year for the next three years to generate a target revenue of US$50 million (S$ 70 million).

Greenlam’s parent company, Greenply Industries Ltd, was established in 1984 in India and today has a presence in over 60 countries with a total annual turnover globally of more than US$180 million (S$253 million).

The new GreenLabel certification adds to a long list of awards for Greenlam.

Manufactured to the strictest standards in the industry, the company was awarded the prestigious GREENGUARD certification by the GREENGUARD Environment Institute of the US in 2008, the first Asian company ever to receive the award.

And, it was the first company in India to be awarded the ISO 9001, ISO 14001 and OHSAS 18001 certifications.

Mr. Saurabh Mittal, Managing Director, Greenlam Asia Pacific, and the son of Greenlam’s founder, was in Singapore today to mark the receipt of the GreenLabel award.

“Greenlam was established on an eco-friendly platform and is one of the key reasons for our success worldwide,” said Mr. Mittal.

“The GreenLabel award goes a long way to strengthen our position in the South Asian region and, in Singapore, support our aim of taking the number one position in the laminates industry,” he added.

Mr Mittal added: “As awareness of the environment grows amongst consumers, awareness of the detrimental effects of pollutants grows as well. Our products help to ensure that ourselves and our families have a healthier environment for work, play and living.”