Atul Ltd 2017-18

49 Bulk Chemicals and Intermediates Product groups: Bulk chemicals, Adhesion promoters, Others The products falling under these product groups are used mainly for internal consumption and by customers belonging to Cosmetic, Dyestuff and Tyre industries. The product groups comprise about 21 products. Resorcinol, Resorcinol Formaldehyde Resins, Sulphur Trioxide, Chlorosulphonic Acid and Caustic Soda are some of the key products. During 2017-18, sales (external) increased by 27% from ` 138 cr to ` 175 cr. Sales in India increased by 26% from ` 89 cr to ` 112 cr. Sales outside India increased by 29% from ` 49 cr to ` 63 cr and formed 36% of the total. Growth on account of volume was 8%. The Company undertook 2 projects for implementation. The world market for Resorcinol (a key product) is estimated at US$ 426 mn and is growing at about 2.5%. The size of the world Tyre industry is estimated at US$ 220 bn and is growing at about 3.7%. The size of the world Chlor-alkali industry is estimated at US$ 44 bn and is growing at about 3.2%. The Tyre industry is expected to grow further because of increasing population on the one hand and improving standard of living on the other. The captive consumption of bulk chemicals is expected to grow as the Company expands manufacturing capacities of its various products. The Company will participate in this growth by i) widening its market reach, ii) increasing its manufacturing efficiencies, iii) generating and adding capacities and iv) introducing downstream products. The demand and prices of bulk chemicals are cyclical in nature. Fluctuations in foreign exchange may impact sales realisations. Colors Product groups: Textile dyes, Pigments, Paper dyes, Inks, Textile chemicals, Others The products falling under these product groups are used by customers belonging to Textile, Paint and Coatings and Paper industries. The product groups comprise about 603 products. Vat Green, Pigment Red and Sulphur Black are some of the key products. During 2017-18, sales increased by 11% from ` 407 cr to ` 452 cr. Sales in India increased by 5% from ` 224 cr to ` 236 cr. Sales outside India increased by 18% from ` 183 cr to ` 216 cr and formed 48% of the total. Growth on account of volume was 12%. The Company completed 2 projects. Rudolf Atul Chemicals Ltd (RACL), a joint venture company formed in 2011-12, provides a complete range of