Background
The fine chemicals division of Camlin Ltd. was de-merged into CFCL on July 1, 2006. CFCL is engaged in the manufacture and distribution of specialty chemicals and intermediates, food additives, food supplements and antioxidants. CFCL’s manufacturing unit is located at Tarapur, Maharashtra with the total installed capacity as on March 31, 2011 at 3,700 metric tonnes per annum (mtpa). The plant capacity is slated to go up by 1,000 mtpa by the end of FY12 on account of the de-bottlenecking exercise being undertaken by the company. In March 2011, CFCL acquired, Borregaard Italia Spa, one of the five global producers of hydroquinone (HQ), the key raw material required for CFCL for a total consideration of Rs.18.50 crore, funded by the debt of Rs.15.00 crore. With this acquisition, the main key raw material supplies shall be available at the right quantity and at right price without any limitation to CFCL. This plant in Italy has the capacity to manufacture 3,600 tonnes per annum (tpa) of HQ and 4,400 tpa of catechol.
The company’s dominant position as the second largest global manufacturer of food antioxidants - TBHQ andBHA CFCL is the world’s second-largest and Asia’s largest producer of synthetic food antioxidants like TBHQ and BHA having a 40% global market share. Since the domestic market for CFCL’s products is small, the company exports bulk of (about 88% of FY11 net sales) its products to more than 45 countries world-wide.
Product Name
- Food Ingredients
- Sweetner
- Active Pharmaceutical Ingredients
- Miconazole Nitrate B.P. / USP
- Clotrimazole B.P. / USP
- Amlodipine Besilate E.P
- Amlodipine Salts
- Advance intermediate of Amlodipine
- Intermediate of Miconazole Nitrate
- Super Absorbent Polymer
- Salient features of TBHQ
- ANTOX (TBHQ) gives excellent antioxidant potency to edible oils and fats
- Minimizes nutritional losses in edible oils
- Maintains freshness and quality of crude oils during long distance transportation
- Broadens the range of oils in food processing
- Offers carry through protection to fried foods, thus enhancing their storage life and freshness
- Facilitates use of saturated oils, thus preventing excess levels of cholesterol in oils and fats
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RESULTS:
http://www.camlinfinechem.com/docs/Financial%20Quarter%20Ending%20Sept%2030th%202011.pdf
http://cmlinks.com/moneypore/profilenew/financial.asp?mainopt=8&cocode=27793
EXPECTING GOOD RETURNS FORM THE COMPANY ....... ONCE MKT BOTTOMED OUT INVEST FOR LONG TERM . ACCUMULATE AROUND 110-120 LEVELS
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