Apcotex Industries - Guides For Strong Double Digit Revenue Growth: HDFC Securities Initiates Coverage
Apcotex Industries - Guides For Strong Double Digit Revenue Growth In The Next Two Years. : HDFC Securities Initiates Coverage
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HDFC Securities Retail Research
Apcotex Industries Ltd. is one of the leading producers of synthetic rubber and synthetic latex in India.
Company has one of the broadest ranges of emulsion polymer products in India and caters to a wide range of industries. Company has diversified clientele and present across various industries which protects it from any slowdown in a single industry.
The major raw materials are petrochemical products, and its business is vulnerable to high volatility in the prices of crude oil as well as its downstream products.
Apcotex has a strong global presence in South East Asia, Middle East and Africa and intends to tap the other markets. Asia Pacific leads production of the global synthetic rubber industry with the automobile sector leading growth.
With the rise in population, large manufacturing base of the automobile industry and availability of competitive labour, India offers great opportunities for synthetic rubber product manufacturers.
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