HIMADRI SPECIALITY CHEMICALS LTD
ON EXPANSION MODE
HIMADRI SPECIASLITY CHEMICALS has done impressively in the past.
Its future seems to be even more impressive.
Its Management is driven by world-wide opportunity for its products and is expanding very fast.
It is trying to become one of the largest players in its product lines in the world.
Here is an extract of its latest Press Release.
HIMADRI SPECIALITY
CHEMICALS LTD
(Extracts from press release)
To Invest Rs 1000 Crore
In Carbon Black Business In West Bengal
· To Attract Direct & Indirect
Employment For Over 1500 People
· To Focus On North America, Europe, Asia
and Middle East
Markets
Kolkata, 14thMarch, 2018:
Himadri Speciality Chemical Ltd(Himadri Speciality),is
the largest vertically integrated speciality carbon company of the country with
a market apitalization of over $ 1 Bn, will be investing Rs 1000 crore to
expand its Carbon Black business.
The company will be setting up new carbon black
lines in its existing integrated plant in Mahistikry, West Bengal for producing
Specialty Carbon Black.
Himadri Speciality is the only company to have a
fully integrated specialty carbon complex, one of its kind in the world, specializing
in developing coal tar by-products and derivatives including advanced carbon material,
coal tar pitch, carbon black, corrosion protection , Naphthalene and SNF .
Understandably, the Company enjoys a formidable
downstream presence in the aluminium, graphite electrode, lithium-ion batteries,
infrastructure, tyres and rubber and non-rubber application sectors.
“With 17% market share, Himadri Speciality is the 3rd
largest player in the field of Carbon Black in the country. The state of the art
plant boasting of technological advancement and product grade flexibility makes
Himadri Speciality Black Carbons one of the most desirable brand in the
country.
Now with an investment of Rs 1000 crore towards our
new product lines in Mahistikry , West Bengal we in due course would introduce the
entire range of specialty black carbon , which is a highly technical product with
significant entry barriers and currently dominated by only a handful of global
players. This expansion will generate direct and indirect employment
opportunity for over 1500 people.
“Our aim is to be amongst the top five global
Specialty Black Players. Towards this end, through relentless R&D effort over
last eight years we have successfully developed in-House technology to produce
speciality black.
Ever since the start of Carbon Black Business , we
had the vision and aspiration to manufacture speciality black.
With that vision, our R&D team has been working
on the development of different grades of speciality black which have wide
range of applications ranging from Tyre speciality , Wires & Cables , Moulded
Rubber Goods, Plastic , Inks & Coatings , and to FIbres among many other products.
We are proud that through years of indigenous R&
D efforts we have been able to develop not only the products but also the technology
for producing them” said Mr Anurag Choudhary, CEO, Himadri Specialty Chemical
Ltd.
Himadri Speciality has a large portfolio of
products catering to the needs of diverse industries and carving for itself a
niche in its sector. The company has already introduced 10 grades In the last
1.5 years in domestic and global markets and will now be expanding their
business in North America, Europe, South East Asia and Middle East Markets.
The R&D Centre of Himadri Speciality which
plays an important role in the company’s development and growth over the years
is NABL (National Accreditation Board for Testing and Calibration Laboratories)
- accredited and is recognized by the Department of Science and Technology and
the epartment of Scientific and Industrial Research - Government of India.India's
consumption of carbon black is growing by about 6.3 % per year.
Also with major upcoming investments in Infrastructure
and a burgeoning automobile industry , the demand for Himadri Speciality’s Products
is stated for robust growth
About Himadri Speciality Chemical Ltd:
Himadri Speciality Chemical Ltd (“Himadri
Speciality”) was established in 1990, is the largest vertically integrated
speciality carbon company and the largest producer of coal tar pitch in India
with headquarters in Kolkata, West Bengal. The Company is a leader in products
like Coal Tar Pitch with market share of around 70% catering to more than two-thirds
of the Indian Graphite and Aluminium industry, Carbon Black with market share
of 17% catering to niche application in Tyre and non-Tyre industry. In the last
few years, Himadri Speciality has diversified its product portfolio by way of
forward integration which includes advance carbon material and other value
added speciality products. The Company has eight manufacturing capacities
spread across India in West Bengal, Andhra Pradesh, Chhattisgarh, Gujarat and Odisha
. The Company is focused on maintaining consistent leadership in the core
products and developing market for the value-added product. The company has developed
a strong and experienced R&D team with international experts, its R&D
unit is situated at Mahistikry, West Bengal which is recognized by Government
of India.
Note : This is not a recommendation to BUY,SELL Or HOLD. Investors must make their own choice.
