Interesting announcement on PVDF by GFL –
Source: https://www.gfl.co.in/assets/pdf/GFL%20-%20Company%20Announcement.pdf
- To announce fresh investments into expansion of PVDF capacities in integrated manufacturing facility
- The expansion plan will see additional emulsion PTFE capacity to be operational in 2023
- An approximate 10,000 tons battery grade PVDF capacity during the next 2-3 years
- Focusing on servicing future requirements of PVDF in EV battery and FCEV technologies
Battery grade PVDF trades at 300,000 to 450,000 yuan per ton based on grade as per few public domain articles. Assuming this 45-65 USD per kg unit price sustains, then 10,000 ton translates to roughly 4,000 Cr revenue.
R142b is key raw material for PVDF. It is in short supply globally currently. GFL is backward integrated to R142b for PVDF. This timely new capability of captive production of R142b should help secure new customer wins and improve margin.
Management expects strong demand of battery grade PVDF and the demand going up fairly at a very good pace.
Source: Q2 FY22 earnings conf call transcript
Disc: Invested
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