Today we are discussing stock from chemical sector, this stock can give high return to portfolio investors.
Ashok Alco - chem Limited
(AACL) was incorporated as a Public Limited Company on 18th November
1992 under the Companies Act, 1956 in Maharashtra. The Company was
promoted by the Kadakia family for manufacturing and marketing of
Industrial Alcohol, Acetic Acid and other downstream products like Ethyl
Acetate for industrial use in pharma, ink, paint, adhesive, resin,
flexi packaging, perfumery and many other industries.
Shri. Manilal H.Kadakia, the patriarch,
freedom fighter, fondly called ‘Papaji’, was the founder Chairman having
several decades of business experience in Cotton Trade and various
other Chemical Companies.
The manufacturing facility was set up at Mahad
MIDC, Maharashtra which is 170 kms from Mumbai and offers excellent
logistics facility being very close to JNPT port terminal. The plant is
spread over a land area of about 28000 sq.mts. Apart from this, the
Company also has a residential plot ad-measuring 2438 sq.mts and
buildings for residential quarters for its employees.
The Company’s plant is one of the leading
alcohol based facility currently having installed capacity to produce
13,000 MTs of Glacial Acetic Acid, 30,000 MTs of Ethyl Acetate and
10,500 MTs of Acetaldehyde per annum.
Apart from the manufacture of Chemicals, the
Company also commenced trading in some mineral products mainly for
exports from the year 2009 which has given a substantial boost to the
top line figures and a ramp-up in revenues as well as profitability.
company’s diversification into Chemical was a major move and today AACL
is among the key players in Chemical from India.
A new exciting area, with immense growth
potential and limitless possibilities, opened when the company decided
to move into Ceramic and Mineral products.
When it comes to our products we follow only
one motto i.e.
"No Compromise On Quality".
a. Ethyl Acetate
b. Glacial Acetic Acid
Acetate is an ester of Ethanol and Acetic Acid, ( systematically Ethyl
Ethanoate, commonly abbreviated EtoAc or EA ) an organic compound having
formula CH3COOCH2CH3. This colourless solvent has a characteristic sweet / fruity smell.
Ethyl Acetate is used in a variety of coating formulations such as
epoxies, urethanes, cellulosics, acrylics and vinyls. Applications for
these coatings are numerous including wood furniture and fixtures,
agricultural, construction and mining equipment, auto refinishing, and
maintenance and marine uses.
Ethyl Acetate has
applications as a solvent in inks for flexographic and rotogravure
printing. It is used as an extraction solvent in the production of
pharmaceuticals and food, and as a carrier solvent for herbicides. High
purity product can be used as a viscosity reducer for resins used in
photoresist formulations in the electronics industry.
a. Ball Clay