The Annual Report is out and I see this –
PI aims for 18-20 percent revenue growth with a focus on R&D, new product launches, and capacity expansion.
PI Industries is diversifying its business through strategic acquisitions in the Pharmaceutical and CDMO (Contract Development and Manufacturing Organization) sectors.
The company has set specific sustainability objectives to achieve by the year 2025. They plan to increase their use of renewable energy to 20% of their total energy consumption and reduce specific CO2 emissions, hazardous waste disposal, and freshwater consumption by 25%.
To navigate the uncertain economic environment, the company will maintain strict but practical financial controls. They will persistently focus on optimizing costs and reducing waste. Additionally, effective risk management is a top priority for the company, and they will work to strengthen their internal processes to meet best practices across various functions.
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