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ICICI Securities Report
Incorporated in 1962, Chemplast Sanmar Ltd. is a leading manufacturer of polyvinyl chloride resin in India, and plans to accelerate its custom manufacturing business.
It is backward-integrated for paste PVC, which gives the company exposure to caustic soda, chloromethane and hydrogen peroxide markets.
PVC market is undergoing structural changes with tightening supplies, which favours PVC manufacturers.
Chemplast Sanmar is also focused on increasing revenues from custom manufacturing with a planned capex of Rs 3.4 billion over next three to four years.
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