Kronox Lab emerges as a promising player in the chemical industry,

 

  • Kronox Lab Sciences


  • The company specializes in the manufacturing of High Purity Specialty Fine Chemicals for various industries.
  • Its products serves essential roles as reacting agents and raw materials in Active Pharmaceutical Ingredients (APIs) production, excipients in pharmaceutical formulations, and reagents for scientific research.
  • The company receives 45% of its revenues from Pharmaceuticals, 26% from Scientific Research and Lab testing, 24% from Nutraceuticals and 5% from others.
  • Additionally, they find applications in nutraceuticals, biotech applications, agrochemicals, personal care products, metal refineries, and animal health products.
  • Kronox Lab Sciences is operating at a capacity utilization of close to 50 per cent of its current capacity of 7,242 MTPA for 9MFY24. 
  • They have a plan to more than double its capacity to 18,000 MTPA and will be commissioning it in the next 2 years by setting up another Unit at Dahej, said Master Capital Services.
  • They have a plan to more than double its capacity to 18,000 MTPA and will be commissioning it in the next two years by setting up another Unit at Dahej.
  • The company's financial performance, driven by its robust balance sheet, positive operating cash flows coupled with zero debt position, enables it to fund its strategic initiatives, pursue growth opportunities, create higher entry barriers and diversify into new products by setting up a new manufacturing facility, said StoxBox.

  • Kronox Lab offers a wide range of over 185 products, including phosphate, sulphate, acetate, chloride, citrate, nitrates, nitrites, carbonate, EDTA derivatives, hydroxide, succinate, gluconate, and others. The company has three manufacturing facilities in Vadodara, Gujarat, close to the seaports of Mundra, Kandla, Hazira, and Nhava Sheva.

  • Kronox Lab emerges as a promising player in the chemical industry, with a solid foundation, strategic growth initiatives, and a commitment to innovation and quality. 

  • It is well-positioned to capitalize on the opportunities presented by the evolving market landscape and achieve long-term success by capitalizing on its strengths, expanding its capacity, and improving operational efficiencies, said SMC Global in its IPO note.

  • These products are supplied to customers in India and more than 20 countries worldwide. Kronox Lab exports its products to countries such as the United States, Argentina, Mexico, Australia, Egypt, Spain, Turkey, United Kingdom, Belgium, United Arab Emirates, China, among others.

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