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Home arrow News arrow Business News arrow Kemrock Industries commissions Carbon Fibre Facility near Vadodara
Kemrock Industries commissions Carbon Fibre Facility near Vadodara Print E-mail
Written by Ganesh   
Tuesday, 11 May 2010
Vadodara: Kemrock Industries and Exports Ltd, a manufacturer of FRP and composites in India, has commissioned India's first Carbon Fibre Facility near Vadodara in Gujarat. The company has invested nearly Rs. 200 crore in setting up this facility, with technical know-how from Council of Scientific and Industrial Research (CSIR) and National Aerospace Laboratories, Bangalore.

The initial manufacturing capabilities of 400 tpA will produce aerospace grade carbon fiber and prepregs. In the second phase, which is expected to be completed in four to five months, another 400 tpA will be added, taking the capacity of the plant to 800 tpA. The new plant expected to start commercial production soon.

Kalpesh Patel, chairman & managing director, Kemrock Industries, said that the company plans to invest Rs 1,500 to Rs 2,000 crore ($300 to 400 million) in next five years and Rs 300 to Rs 400 crore for expansion of the Saertex Kemrock JV in the current year. He also said that talks for setting up joint venture projects were progressing.

The project investment of Rs. 200 crores has been financed through a mix of equity, debt and internal accruals.

The carbon fiber manufacturing facility is fully integrated, which includes polymerization, wet spinning, oxidization & carbonization and includes all utilities for effluent & waste management. This integration will ensure the right quality of precursor (special acrylic fiber) for aerospace grade carbon fiber, thereby serving the nation's requirements in those defence & aerospace sectors lead by Hindustan Aeronautics Ltd.(HAL), Indian Space Research Organization (ISRO) & Vikram Sarabhai Space Centre (VSSC).

Over the next five years Kemrock is expected to supply supply approximately 1,500 tonnes of carbon fibre products to Hindustan Aeronautics Limited (HAL), Indian Space Research Organisation (ISRO) and Defence Research & Development Organisation (DRDO).

"With the commissioning of this unit, we complete the most ambitious project since our inception. Today, we unveil a new chapter that would propel our company to greater heights in the coming years. ln-house production of carbon fibre is the first step towards establishing a self sufficient domestic capability to produce composite products for the aerospace, defence and wind energy markets. The carbon fibre capability will be a strategic fit to our existing operations, augmenting our resin production, technical fabric capability and moulding ability," said Kalpesh Patel.

Some of the production from the new plant will be exported to USA, European countries and other countries after meeting the domestic requirements.

The plant was inaugurated by the Former President of India Dr APJ Abdul Kalam on Sunday.

Shri.Nitinbhai Patel (Minister-Gujarat State, Water supply,Water Resources (Excluding Kalpsar Division),Urban Development & Urban Housing, Dr. K Radhakrishnan (Chairman, ISRO) (Chairman and Secretary Department of Space), Dr. V K Saraswat (Scientific Advisor to RM and Secretary, Department of Defence R&D), Prof Samir K Brahmachari Director General (CSIR) & Secretary (DSIR) were present on the occasion.

Kemrock Industries and Exports Ltd. manufactures Unsaturated Polyesters, Vinyl Esters, Epoxy and Phenolic Resins & GRP/ FRP (Fibre Reinforced Plastic) Products viz. Gratings, Piping Systems, Pultruded Shapes, Windmill Blade, Lighting Poles, Access Systems, Handrails & Ladders, Carbon Fibre, Rail Coach Interiors & Exteriors, Cable Management Systems, etc. The company's vision is to create and set up a truly Composite Village in India.

Georgia-Pacific Kemrock International Private Limited (GPK) offers high-performance thermosetting resins for a wide range of specialty Industrial applications including Composites, Foundry, and Coated Abrasives. The resins are manufactured by Kemrock Industries at its facility in Vadodara (Baroda), India, and are available to markets in India, Bangladesh, Sri Lanka, Bahrain, Saudi Arabia, Kuwait and the United Arab Emirates.

The products available include phenolic resins developed and licensed by Georgia-Pacific and polyesters, vinyl esters, and epoxies manufactured by Kemrock Industries.

The company expects 25 per cent of it's sales from the composites business.

With Rs 750 to 800 crore orders on hand, Kemrock expects it's turnover to reach Rs 800 crore in 2010-11. The company had a turnover of Rs 364 crore in 2008-09 and approximately Rs 450 crore in 2009-10.

In carbon fibre market Japan is the global leader, with 70 per cent market share.

Currently North America and Europe accounts for about three quarters of the USD 85 billion global composites industry. The Asia-Pacific region represents about 20% of the market and the rest for the world accounting for the remainder. Market projections suggest that Asia will be leading the growth in global composites industry, with CAGR of > 5% by 2013. At this growth rate, Asia will represent around 40% of the total composites market.

Last Updated ( Wednesday, 12 May 2010 )
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