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Motilal Oswal Report
We hosted an industry expert and 10 companies in our specialty chemicals conference 3.0. The key event highlights are furnished below:
There is an increased focus on cost cutting and movement from batch to continuous process that helps reduce space requirement as well as opex drastically through decline in usage of utilities and waste reduction. Broadly, chemical companies follow two strategies: product and process.
Under the product strategy, the focus is on product development rather than on cost control or effective process technology. At times, product may not have a ready market – the companies may have to approach consumers and demonstrate the effectiveness of their products towards whatever purposes they are intended for.
They safeguard knowledge about their products through in-house development/ patents/ use of excipients/ lesser attrition.
Under the process strategy, the focus is on process optimisation and continuous cost cutting on existing products.
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