Apcotex Industries Limited, one of the leading manufacturers of Synthetic Latex in India, is planning to expand Nitrile Latex capacity at its Valia plant in Gujarat and Taloja plant in Maharashtra by around 60,000 MTPA.  The plants will be designed for flexibility to manufacture a few existing products as required.  “The capacity will be further expanded to 90,000 MTPA in the next phase as the global demand for Nitrile gloves is expected to grow rapidly over the next few years,” says Abhiraj Choksey, MD, Apcotex Industries Limited.  The products manufactured by Apcotex Industries include: Synthetic Latex – Styrene-Butadiene, Vinyl Pyridine, and Styrene Acrylic latex and Synthetic Rubber – NBR, HSR, NBR-PVC, and NBR powder.  The company has also one of the broadest range of Emulsion Polymers available in the market catering to industries such as paper, paperboard, construction, carpet, tyre, textiles, footwear, auto compo...

Chemplast Sanmar’s (Chemplast) Q4FY22 spreads were impacted by high-cost inventory carried over from Q3FY22 and sold in its entirety in Q4FY22. This kept EBITDA flattish QoQ. Chemplast has sold most capacity in FY22, and in FY23 it has only 10% more capacity coming in S-PVC segment. Large expansion in paste-PVC and custom manufacturing will commence only in FY24. Company plans to do more capex with good scope for large FCF generation and has not announced dividend in FY22 pending assessment of fund requirement. We expect big capacity announcement in S-PVC where the company already has environmental clearance to double its capacity to 600kpta. This will provide the much-required visibility on volume growth while more capex in custom manufacturing will be welcome. Volumes grew on inventory liquidation. Specialty volumes rose 28% YoY to 22kte on liquidation of high-cost inventory in Q4FY22 since it could not be sold in Q3FY22 due to weak demand. S-PVC volumes were up 12.9% to 88kte...