Camlin Fine Sciences Ltd.
TypePublic
NSE: CAMLINFINE
BSE: 532834
IndustrySpeciality chemicals
Founded1931 Edit this on Wikidata
Headquarters
Mumbai, Maharashtra
,
India
Area served
South Asia, Mexico and Central America
Key people
Ashish Subhash Dandekar (Managing Director)[1][2]
Websitewww.camlinfs.com

Camlin Fine Sciences Ltd., formerly known as Camlin Fine Chemicals, is an Indian corporation that manufactures chemicals to improve the shelf life of food and other products, aromatic compounds, and performance chemicals. CFS has emerged as the largest producer of food antioxidants such as tert-Butylhydroquinone (TBHQ) and Butylated hydroxyanisole (BHA). It is also one of the world's leading Vanillin producers.[3]

CFS has offices and manufacturing facilities in several countries, such as India, China, Italy, Brazil, Mexico and the United States.[4] Having established global leadership in antioxidants, CFS expanded their business with forward integrated into antioxidant blends and has widened its application to the food and beverage industry, pet food, animal feed, fishmeal, aquaculture, biodiesel, etc.[5]

Camlin Fine Sciences holds the patent for improved process in synthesis of BHA Butylated hydroxyanisole from TBHQ tert-Butylhydroquinone [6]

History

In 1984, Camlin Fine Chemicals Division was started by Camlin with the setting up of a new ultra modern plant at Tarapur, India.

In 2006, Camlin Fine Chemicals demerged from the parent company and an entirely new entity was formed called Camlin Fine Sciences Ltd.

In 2007, CFS was listed on the Bombay Stock Exchange[7]

In 2011, CFS got listed on the National Stock Exchange.

In 2011, CFS took the firm overseas with the acquisition of Borregaard Italia SpA, a Hydroquinone and Catechol manufacturing facility at Ravenna, Italy through its wholly owned subsidiary in Mauritius.[8]

In 2014, CFS began operations in Brasil through its 100% subsidiary company CFS do Brasil Ltd, where it commenced production of antioxidant blends for food applications.

In 2016, CFS acquired 65% stake in Dresen Quimica S.A.P.I.de C.V., Mexico along with its group companies and subsidiaries.

In July 2017, CFS became the 3rd largest producer of vanillin in the world with the acquisition of 51% stake in Ningbo Wanglong Flavors & Fragrances Company Ltd., China.[9][10][11]

In November 2017, CFS entered into a preferred supply agreement with Lockheed Martin Advanced Energy Storage for manufacturing and supply of a specialty chemical.[12][13] In April 2018, CFS entered into an Animal Nutrition joint venture with Pahang Pharma (S) Pte. Ltd., Singapore.

Business verticals

Shelf life solutions

Having established global leadership in antioxidants, CFS moved forward in blending by setting up a unit in Tarapur, India and in Brazil in 2014.[5] Today, CFS has its blending facilities across the world (India, China, Mexico, USA and Brazil). It has a portfolio of more than 100 natural shelf life extending products under the brand names Xtendra and NaSure. The company has widened its applications for different food industries such as snacks, bakery, meat & poultry, spices & seasonings, etc. and has also tapped potential shelf life solutions in fried snacks, pet food, fishmeal, biodiesel, confectionery, animal feed.[14]

CFS acquired a 65% stake in Dresen Quimica S.A.P.I. de C.V., Mexico, to cover Central America and Andean States. Dresen is in the Mexican food and feed blends business. With this acquisition, the portfolio expanded to geographies in Mexico and Central America with products like antioxidant blends (traditional and natural), feed additives etc.[15]

Aroma ingredients

CFS produces vanillin and ethyl vanillin using fully traceable vertically integrated production.[16] CFS uses an environmentally friendly method for producing vanillin and ethyl vanillin (sold under the brand name Vanesse and Evanil respectively) from Catechol. The company makes all key ingredients in-house and has gained acceptance as a quality global vanillin player.[14] The brands Vanesse (vanillin) and Evanil (ethyl vanillin) have grown their customer base not only from food and flavor industry, but also manufacturers of fragrances, incense sticks and pharmaceuticals industries and perfumeries.[17]

The company has also launched floral booster, which is specially developed for incense stick industry to enhance sweet note, sustain burning and aroma-spreading properties along with Intense Green-a fragrance and flavour chemical, and Vetigreen-an aromatic chemical for home cleaning solutions, personal care products, cosmetics and incense sticks.[18]

Performance chemicals

The company entered into performance chemicals segment with the acquisition of Borregaard Italia Spa ltd in March 2011 and became one of the largest producers of di‐phenols (Hydroquinone and Catechol). To cater the demand from the market CFS has doubled its guaiacol capacity to 4000 tonnes per annum and raised veratrole capacity by 67% to 1000 tonnes per annum in FY16 and this will lead to 17% sales CAGR over FY15‐18 to Rs 2.04bn.[5] CFS has distribution hubs in different parts of the world to cater to customer demands.

References

  1. ↑ M, Sabarinath. "Meet Ashish Dandekar, the Camlin scion who writes his own success story". The Economic Times.
  2. ↑ "Camlin Fine Sciences - High quality shelf life extension solutions". www.camlinfs.com. Archived from the original on 12 June 2018. Retrieved 11 May 2018.
  3. ↑ "CAMLIN FINE SCIENCES BECOMES WORld's THIRD LARGEST VANILLIN PRODUCER - Food Marketing & Technology". Archived from the original on 22 May 2018. Retrieved 21 May 2018.
  4. ↑ "Camlin Fine Sciences". Archived from the original on 22 May 2018. Retrieved 21 May 2018.
  5. 1 2 3 Camlin Fine Sciences (CFIN IN) backoffice.phillipcapital.in
  6. ↑ "Improvement in synthesis of butylated hydroxyanisole from tertiary butyl hydroquinone".
  7. ↑ "Camlin Fine Sciences - High quality shelf life extension solutions". www.camlinfs.com. Archived from the original on 11 May 2018. Retrieved 11 May 2018.
  8. ↑ "Camlin Fine Chemicals buys Italy's Borregaard". 9 March 2011. Retrieved 11 May 2018.
  9. ↑ "Camlin Fine Sciences buys 51% stake in Chinese firm". Business Standard India. Press Trust of India. 12 July 2017. Retrieved 11 May 2018 – via Business Standard.
  10. ↑ "Camlin Fine Sciences buys 51% stake in Chinese chemical firm". 12 July 2017. Retrieved 11 May 2018.
  11. ↑ "Camlin Fine Sciences buys 51% stake in Chinese firm - Latest News & Updates at Daily News & Analysis". 12 July 2017. Retrieved 11 May 2018.
  12. ↑ "Camlin Fine Sciences enters into agreement with Lockheed Martin Advanced Energy Storage". Moneycontrol. 15 November 2017. Retrieved 11 May 2018.
  13. ↑ "BRIEF-Camlin Fine Sciences enters preferred supply agreement with Lockheed Martin Advanced Energy Storage". Reuters. 15 November 2017.
  14. 1 2 "Check out the undefined-share-price Management Discussions | Live stock/Share Prices at indiainfoline.com". indiainfoline.com. Retrieved 29 September 2023.
  15. ↑ "Camlin Fine Sciences' Mexican unit acquires 65% stake in Dresen Quimica". 5 May 2016.
  16. ↑ "Camlin Fine Sciences". Archived from the original on 12 June 2018. Retrieved 11 June 2018.
  17. ↑ "Camlin Fine Sciences Becomes World's Third-Largest Vanillin Producer".
  18. ↑ "Camlin Fine Sciences Acquires 51% in China Firm; Stock Hits New One-Month High | CORPORATE ETHOS". Archived from the original on 21 June 2018. Retrieved 21 June 2018.
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