navin fluorine international limited
TRANSCRIPT
Disclaimer: All information contained in this presentation have been obtained from sources believed to be
accurate by the author. While reasonable care has been taken in preparation, the author makes no
representation or warranty, express or implied, as to accuracy, timeliness or completeness of any such
information. All information should be considered solely as statements of opinion of the author, and NFIL
will not be liable for any loss incurred by users from any use of the contents of this presentation.
NAVIN FLUORINE INTERNATIONAL LIMITED
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Navin Fluorine is part of the re-knowned ARVIND MAFATLAL group in India which is over 100 years old Corporate Enterprise
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Our Background & Mafatlal Group
NOCIL Ltd, Mfg plant, Dahej
NFIL, New Fluorochemicals Plant, Dahej
NFIL, Mfg Plant, Pilot, R&D centre Surat
Mafatlal Industries Ltd, Ahmedabad
Mafatlal Industries Ltd, Textile unit, Nadiad
Mafatlal Industries Ltd, Textile unit, Navsari
Mafatlal Denim Ltd, Mfg plant, Navsari
AMG Headquarters, Mumbai
NOCIL Plant, Thane – Near Mumbai
NFIL – Branch Offices – New Delhi, Chennai,
Hyderabad; Head Office – Mumbai
NFIL, Mfg Plant, cGMP Pilot, Dewas
Mafatlal Group – Established in 1905,
NFIL – Established in 1967
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ARVIND MAFATLAL GROUP
NOCIL LTD N F I L Mafatlal Ind. Ltd
� Leading manufacturer
of rubber chemicals � Business units include:
Refrigerants, Specialty
Chemicals and Bulk
Fluorides and CRAMS
� Co. produces 100%
cotton and cotton/
polyester blends
� Manufactures and
markets denim fabric
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NFIL’s Production Units
Surat, India Dewas, IndiaNFIL UK LTD, UK
� Integrated Fluoro
Chemical Complex
� CRAMS Business
� Catering to world
leaders in Pharma with
Fluoro molecules
Dehej, India
Integrated Fine
Fluoro chemical
Complex.
Fully Integrated Fluoro Chemical Facilities
� Manchester Organics Ltd
� In CRO Business, catering
to world leaders in Pharma
Heading txtNAVIN FLUORINE INTERNATIONAL LIMITED
Refrigerant Gases
Bulk Fluorides Specialty Chemicals
CRAMS
� R-22 � Intermediates for
Life sciences,
� BF3 Gas
� HF
� NaF
� ABF
� KF
� For Pharma
applications
Fluorspar
HF
HCFCs
Refrigeration
AlF3
Aluminium
BF3
Pharmaceuticals
& Agrochemicals
Polymers
KF
Inorganic Fluorides
Fluoroaromatics
Fluoro-aliphatics
TFA,TFE
Ceramics, Glass
Fluorine Chemistry – at Navin
NAVIN FLUORINE INTERNATIONAL LIMITED
� Acidspar is imported into India by NFIL,GFL,SRF &
Tanfac
� AHF is produced by NFIL,GFL,SRF & Tanfac in India� R-22 is produced by NFIL,GFL & SRF, HFL & Chemplast� HFC-134A is only produced by SRF in India� PTFE is only produced by GFL in India
Heading txtR-22 Capacities KTA• Domestic demand & Exports
� Window AC’s are the major consumers of R-
22
� Demand of new AC’s and Service segment
will drive the demand of R-22
� Domestic consumption of R-22 is about 10
KMT
� India exports about 20KMT of R-22 to Saudi,
UAE, Bahrain, Nigeria, Vietnam, Oman, Qatar,
Jordan, Philippines, Kuwait, Thailand, Brazil,
Iran, EgyptTotal-
45KMT
NFIL-9KMT
SRF-11KMT
GFL-20KMT
� GFL consumes large quantities of R-22 Captive, for making PTFE� Excludes capacities of Hindustan Fluorocarbon and Chemplast
Source: R22 capacities from CDM Documents
R-22 Scenario in IndiaR-22 Scenario in India
Average 6% increase in Domestic consumption expected from 2016
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Fluorspar Demand……
Not a Good Year for all of us
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India’s Consumption of Fluorspar
Fluorspar requirement till July was within the estimated production.
However, the requirement slowed down from August 2015
Estimated consumption for 2015 would be 90000DMT only
All comparison is April-March
2013 2014 2015 (Apr-Aug)
Acid Spar Quantity DMT 96107 116641 58942
Others Quantity DMT 19702 24894 8048
Briquetts Quantity MT 4968 6827 1695
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Who is exporting more to India
1China's export to India is reducing
2Thailand is a dominant player in India now
3South Africa/Kenya /Vietnam are emerging suppliers.
Important
Quantity % Imports Quantity % Imports Quantity % Imports
China 65778 68 57862 50 25040 42
Others 30329 32 58779 50 33902 58
SA/KENYA/VIETNAM/THAILAND
96107 116641 58942
2013 2014 2015 till August
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What is the Market now for HF?
Overall, consumption of Fluorspar to be down by 20 % in 2015.
R-22 PRODUCTION DOWN BY 20% DUE TO COMPETITIVE PRICES OFFERED FROM CHINA
RUPEE DEVALUATION TO THE EXTEND OF 10%, WHICH AFFECT LANDED COST.
1 Steel Industry
Uses
Briquetts/DHF/Lumps/Metspar
Overall production is low in India.
Production down by 20% compared to 2014
2 Agrochemical Uses Speciality Fluoro-chemicals
Slowdown, Orders down by 15% compared
to 2014 demands
3 Pharmaceuticals Uses Speciality Fluoro-chemicals Stable, no increase in demand
4 Refrigerants R-22
Market Down: Middle East countries now
requires Import Permits. Under tremendous
pressure on Prices.
Heading txtAcid Grade Fluorspar Prices
Fluorspar prices has been under pressure from the beginning
Import from China from April to August at $320/PMT CIF to 235 PMT.
Weighted
Average CIF 2013 2014 2015
Rate/MT/CIF 381 321 252
Heading txtProduction & Demand R-134
Domestic Demand : 7000 MT
Domestic Production : 5000 MT
Imports : 2000 MT
# SRF is the only Manufacturer in India
# SRF’s Production capacity is 10000MT
Mexichem supplies Medical Grade 134 in India.
Press reports indicated that SRF brought Dupont’s
Pharmaceutical Propellant business. SRF will introduce
Medical Grade 134A in India
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� India is slowly shifting procurement to other countries
� Multiple supply sources have been identified. Major imports are from
� South Africa
� Thailand
� Kenya
� Vietnam
� China
� However, 45% of imports are still from CHINA. Chinese quality still superior than the other
location in view of Arsenic Content/Mesh Sizes for Indian HF Manufacturers.
� NFIL, GFL and Gujarat Mineral Development Corporation has formed a Joint
Venture Company to jointly develop Fluorspar mines. The project is on and may
take another 3 years for production of Acid Grade Spar.
Is India Dependent on Chinese Fluorspar
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�Sustainable growth in Refrigerants, Specialty Intermediates & Inorganic Fluorides will drive the Fluorspar consumption
�More and more value addition of Fluorspar will be seen in the SpecialityFluorochemicals as India is strengthening its foot prints in the global market
�India is in the process of developing new Fluorspar sources. Another focus area will be to strengthen the relationships with Fluorspar suppliers globally and enter into long term Business relationships
Key takeaways
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Thank you
Navin Fluorine International Ltd