- Archean Chemical Industries Limited is a leading specialty chemicals manufacturing company based in India with a wide presence in the global markets.They are the first of its kind integrated plant in India to produce Industrial Salt, Bromine and Sulfate of Potash.
- Following is the product category which the company produces:-
a) Bromine (Br2) is a reactive halogen with a wide range of uses from fire retardants to disinfectants.
b) Sulphate of potash (SOP) is an inorganic compound which is a key ingredients in fertilizers.
c) Industrial salt is a base chemicals which is highly used across industries from glass manufacturing to case-hardened steel. - We can consider Bromine as a Specialty Chemicals and remaining as a Commoditized Chemical.
- Bromine
a) It is a member of the halogen family and is found naturally in seawater, underground
brine deposits and other water reservoirs.
b) As per Annual Report 2022-23, Bromine has leadership position in Indian Bromine
merchant sales and Export Business of ~ 48%.
c) The end user of the product being Pharmaceutical Industry, Agrochemicals, Fire Retardants, Water Treatment.
d) From FY19 to FY23, company has been able to grow its Bromine business by CAGR 33%. - SOP
a) Sulphate of Potash, also known as potassium sulphate, is a high-end, specialty fertilizer for
chlorine-sensitive crops.
b) Only manufacture of SOP from natural sea brine, in India which make the product quality to be good.
c) Export Business ~ 70%
d) The end user of the product being Agrochemicals, glass industry, cosmetics, etc.
e) From FY19 to FY23, company business has softened from Rs.40cr to Rs.3cr. - Industrial Salt
a) There are 14,000 commercial uses of Salt, a source of Sodium and Chlorine which are basic components of an array of materials – such as plastics, glass, synthetic rubber, cleansers, pesticides, paints, adhesives, fertilizers etc.
b) Export Business – 100%
c) The end user of the product being Food & Beverage Industry, Water Treatment, Oil & Gas, etc.
d) From FY19 to FY23, company has been able to grow its Industrial Salt business by CAGR 25% - The company has integrated plant in Hajipir (Gujarat), which is located in close proximity to the captive Jakhau Jetty and Mundra Port. Their facility and its surrounding salt fields and brine reservoirs span approximately 240 sq. km. It has a designed capacity of 5 million MT per annum and a capacity to load 28,000 MT equipped with a twin conveyor system, diesel generator set. Globally, two most popular Bromine production sites are near the Dead Sea (Israel & Jordan) and the underground well in Arkansas region in the USA. India is well placed with brine resources at the Great Rann of Kutch in Gujarat
- Revenue Mix
a) The company has total 55 clients (Export – 27 clients), Export Revenue – 73%, 64% of Total Revenue coming from Top 10 customers.
b) One of its major clients includes Sojitz Corporation Japan which is also a shareholder in the company with 2.03% shareholding as on 30/06/2023. - Shareholding
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