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Apcotex Industries FY23 AR

(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

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.

(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
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