Archean Chemical Industries Ltd

Archean Chemical Industries is a leading specialty marine chemical manufacturer in India, focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world.

The company is the largest exporter of bromine and industrial salt by volume in India in Fiscal 2021 and has amongst the lowest cost of production globally in both bromine and industrial salt. Additionally, as of June 30, 2022, the company marketed its products to 18 global customers in 13 countries and to 24 domestic customers. The company’s products have use within the pharmaceuticals, agrochemicals, water treatment, flame retardant, additives, oil & gas and energy storage battery industries. (Source: Company Commissioned F&S Report)

In the three months ended June 30, 2022 and in Fiscal 2022, Fiscal 2021 and Fiscal 2020, sales of bromine constituted 50.94%, 53.54%, 46.49% and 35.43%, respectively, of their revenue from operations, the sales of industrial salt constituted 48.98%, 45.37%, 49.10% and 57.88%, respectively, of their revenue from operations and sales of sulphate of potash constituted 0.06%, 1.01%, 4.39% and 6.55%, respectively, of their revenue from operations.

The company has an integrated production facility for its bromine, industrial salt, and sulphate of potash operations, located at Hajipir, Gujarat, which is located on the northern edge of the Rann of Kutch brine fields. The manufacturing facility is located in close proximity to the captive Jakhau Jetty and Mundra Port, where the company transports its products to customers internationally.