Ess Dee Aluminium to tap potential in overseas markets, to setup facility in UAE

Ess Dee Aluminium Ltd has announced that the Board of Directors of the Company at its meeting held on May 14, 2007, inter alia, has transacted the following:

1. Decided to invest in facilities at Sikkim to cater to the growing demand based on numerous pharmaceutical Companies setting up facilities at Sikkim.

2. To tap the potential in the European, African and Asian Markets, the Board has also approved setting up of facilities in U.A.E. This will be a global expansion of the HUB and SPOKE model currently employed by the Company in the Domestic Market.

3. Acknowledged that future growth will have to be a judicious mixture of both organic and inorganic routes. The Board also opined that in line with the Company's aggressive growth policy, acquisition in India and abroad will be a key focus area.