VINATI ORGANICS LIMITED - ACE Analyseraceanalyser.com/Analyst Meet/124200_20090430.pdf ·...
Transcript of VINATI ORGANICS LIMITED - ACE Analyseraceanalyser.com/Analyst Meet/124200_20090430.pdf ·...
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VINATI
ORGANICS
LIMITED
Head Quarters: Shiv Ashish, II nd Floor, Andheri – Kurla Road,
Saki Naka, Andheri (E). Mumbai – 400 072, India.
www.vinatiorganics.com
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Vinati Organics Limited
A company established in 1989 to manufacture specialty organic chemicals
Listed on Mumbai Stock Exchange
ISO 9001 : 2000
VOL has Export House Status
Last 12 month Sales turnover of over 200 cr
Has over 300 employees
Awards Received: National Safety Award, Maharashtra State Export Award
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Products Manufactured
Factory Location: Mahad, Maharashtra
Products: Isobutylbenzene (IBB), Normalbutylbenze (NBB)
• IBB is the main raw material for manufacturing Ibuprofen, the popular analgesic bulk drug.
• Vinati Organics Limited is the largest manufacturer of IBB in the world with 60% market share (12,000 TPA production versus worldwide demand of 20,000 TPA).
• Its main customers are BASF (5 year contract), Shasun Chemicals and IOL chemicals.
• The technology for IBB is from the renowned Institut Francais du Petrole (IFP) in France.
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IBB Plant at Mahad
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Products Manufactured
Factory Location: Lote Parshuram, Ratnagiri, Maharashtra
Products: 2-Acrylamido 2-Methylpropane Sulfonic Acid (ATBS), Sodium salt of ATBS (NaATBS), n- tertiary Butylacrylamide (TBA)
• ATBS is a specialty monomer with several applications including the manufacture of acrylic fibres, personal care products, water treatment chemicals, enhanced oil recovery chemicals, etc.
• Vinati Organics is the second largest producer of ATBS in the world after Lubrizol and is in the process of commissioning its capacity expansion from 4000 TPA to 12000 TPA.
• The worldwide demand for ATBS is set to more than double over the next 2-3 years due to development of enhanced oil recovery polymers (viable when oil > $40).
• The technology was sourced fromNational Chemical Laboratories, Pune and has been further enhanced by VOL.
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ATBS Plant at Lote
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VOL Established
1992
IBB Plant on Stream
1200 MTA
1989 1996
IBB Capacity Expansion
to 3000 MTA
1997
IBB Capacity Expansion
to 5000 MTA
2002
ATBS Plant on Stream
1000 MTA
2006
IBB Expansion to 10000 MTA
ATBS Expansion to 3600 MTA
2007
Started TBA Production
IBB Capacity 12000 MTA
ATBS Capacity 12000 MTATBA Capacity 500 MTA
2009
VOL MILESTONES
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Present Customers
ANNUAL CONTRACTS WITH USD 1 BILLION+ CO.
BASF
ROHM & HAAS
AKZO NOBLE
SNF
NALCO
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Promoter Profile
Vinod Saraf – Chairman and Managing Director
Mr Vinod Saraf founded Vinati Organics Limited in 1989. Prior to that, he had
20 years of previous industrial experience with Bhilwara Group, Modern Syntex
Ltd and Grasim Industries. As Vice President of Chemicals division at Grasim,
he was responsible for the identification of chemical/petrochemical projects,
technical tie-ups, feasibility studies and project implementation. During this
period, he was involved in the implementation of the gas based sponge iron
project of Grasim. Subsequently, he was nominated as the Managing Director
(Finance and Administration) on the Board of Directors of Mangalore Refinery
& Petrochemicals Ltd.
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Board of Directors
Vinod Saraf – Chairman and Managing Director
Vinati Saraf Mutreja – Executive Director
Girish M. Dave – Independent Director, Senior Partner at renowned
law firm Dave & Girish & Company, Advocates
C.B. Gokhale – Independent Director, former Executive Director of
Life Insurance Corporation of India (LIC)
A.A. Krishnan – Independent Director, 43 years of experience in
petrochemical industry. Also director of Publicly Listed
Companies: Andhra Petrochemicals Ltd and Petro Engineering
Construction Ltd
Sunil Saraf - Director
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Projects under Development
Isobutylene (IB)
This a backward integration project for the ATBS plant as
Isobutylene is one of the major raw materials (currently
imported) for ATBS. 12,000 TPA plant is being set up
adjacent to the ATBS plant at Lote out of which 4,000 TPA
will be used for captive consumption and remainder will
either be marketed outside or will be used to make
derivatives. Technology has been sourced from Saipem(Italy)
and detailed engineering work is in progress. Target date for
project completion is March 2010