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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
3/n
in the prices of crude oil as well as its downstream products.
(7) The company has successfully commissioned a 35,000 MT multi-purpose latex plant in Taloja, Maharashtra.
(8) Total investments for both plants were 200 cr.
(9) Investments were made in a zero-liquid discharge
in the prices of crude oil as well as its downstream products.
(7) The company has successfully commissioned a 35,000 MT multi-purpose latex plant in Taloja, Maharashtra.
(8) Total investments for both plants were 200 cr.
(9) Investments were made in a zero-liquid discharge
4/n
plant in Valia, Gujarat and a direct power line to the Valia plant for future requirements.
(10) The gloves industry is still going through a deep downturn due to large excess inventories created in the last 2 years due to the pandemic.
plant in Valia, Gujarat and a direct power line to the Valia plant for future requirements.
(10) The gloves industry is still going through a deep downturn due to large excess inventories created in the last 2 years due to the pandemic.
5/n
(11) This, coupled with more capacities of Nitrile Latex, has resulted in significantly lower margins than anticipated in the short term and will have an impact on margins till demand picks up again.
(12) Against the imported competition for their synthetic products, the
(11) This, coupled with more capacities of Nitrile Latex, has resulted in significantly lower margins than anticipated in the short term and will have an impact on margins till demand picks up again.
(12) Against the imported competition for their synthetic products, the
6/n
higher margins we enjoyed due to shortages and higher cost of ocean freight has returned to normalcy.
(13) More than 20% of the sales come from exports.
#Apcotex
#ApcotexIndustries
higher margins we enjoyed due to shortages and higher cost of ocean freight has returned to normalcy.
(13) More than 20% of the sales come from exports.
#Apcotex
#ApcotexIndustries
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