NOCIL enjoys monopoly business. Only two companies are leaders in world for rubber chemicals. NOCIL (India) and Sunshine (China). Due to environment issues and anti china effect sunshine has reduced its production. Plus Indian government plans to put Anti dumping duty on ...
...PX-13 rubber chemical. India government has also put anti dumping duty on tyres. So tyre companies will also use tyres made in India for which they will require PX-13 rubber chemical. And NOCIL enjoys monopoly in it. All rubber products (tyres, footwear sole, gloves etc)...
...need PX-13 rubber chemical. To grab such opportunity NOCIL has recently completed its mega capex plan of Rs 450 crore for antioxidants and accelerators at its Dahej plant. This includes capacity addition for accelerator –TBBS-(N-tert-butyl-benzothiazole sulfonamide;...
... 4,500 tonnes capacity) which is so far imported into India, whose domestic demand in estimated to be 9,000 tonnes. So a scenario of lower imports of rubber chemicals from China in near future can help NOCIL ramp up its production. It is increasing its overall product ...
...capacity from 73,000 MT to 1,10,000 MT. And even after increasing the capex and production still NOCIL IS A DEBT FREE COMPANY. What does an investor wants more than this? Combination of DEBT FREE company and MONOPOLY BUSSINESS is very rarely found.
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