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Apcotex Industries FY23 AR
Snapshot:
(1) The synthetic rubber market is mainly driven by the tyre segment, the largest end-use segment of synthetic rubber, followed by automotive.
(2) The trend of reducing greenhouse gas emissions in vehicles has also increased synthetic rubber
Snapshot:
(1) The synthetic rubber market is mainly driven by the tyre segment, the largest end-use segment of synthetic rubber, followed by automotive.
(2) The trend of reducing greenhouse gas emissions in vehicles has also increased synthetic rubber
1/n
demand in the automotive industry.
(3) Nitrile latex for gloves is a new emulsion polymer that your company has developed through internal R&D.
(4) It was successfully scaled up in FY 2020-21 and is currently only manufactured by your company in India.
demand in the automotive industry.
(3) Nitrile latex for gloves is a new emulsion polymer that your company has developed through internal R&D.
(4) It was successfully scaled up in FY 2020-21 and is currently only manufactured by your company in India.
2/n
(5) During FY23, the company commissioned a 50,000 MTPA facility at Valia plant for manufacturing Nitrile Latex which is easily scalable to 80,000 MTPA.
(6) The company's major raw materials are petrochemical products, and its business could be vulnerable to high volatility
(5) During FY23, the company commissioned a 50,000 MTPA facility at Valia plant for manufacturing Nitrile Latex which is easily scalable to 80,000 MTPA.
(6) The company's major raw materials are petrochemical products, and its business could be vulnerable to high volatility
Key highlights from #ApcotexIndustries Q4FY23 concall
CMP - ₹485
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CMP - ₹485
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•The capex of the company at the Taloja and Valia facility has come online. The original capacity planned for Taloja was 10,000 MTPA however, the company did some investments and increased the capacity to 35,000 MTPA. This capacity expansion was done taking into account
the slowdown in the nitrile latex industry for which the company has brought a 50,000 MTPA of nitrile latex capacity onstream at Valia.
•The plant at Taloja will be an MPP which will be used to manufacture products like styrene acrylic latex, styrene butadiene latex
•The plant at Taloja will be an MPP which will be used to manufacture products like styrene acrylic latex, styrene butadiene latex
