Novopan Industries sales increases 28% in February 2007

Novopan Industries Ltd has announced that the Company has sold 3,05,959 sq. mtrs of Particleboards in the domestic market during the month of February, 2007, a growth of 28% over corresponding month last year. The sales of February, 2007 are the highest ever-monthly sales in the history of the Company, exceeding even the previous month sale of 3,00,728 sq. mtrs. done in January, 2007. The higher off-take could be achieved in spite of less number of working days in February, 2007.

To continue to maintain its leadership position in the particleboard business, the Company is exploring various strategic measures, including of innovative positioning of its entire supply chain system and its ever-loyal distributor-dealer network. Looking ahead, the Company is confident of similar performance in the current month of March, 2007.

Source : Equity Bulls

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