The product portfolio of Rudolf Atul Chemicals Ltd (RACL) comprises auxiliary chemicals for textile processing. The Company offers products for preparation, colouration and finishing of apparel, home furnishing and technical textile. It offers 215 products which fall under twomajor application segments, process chemicals (PC) and effect chemicals (EC). 2017-18 was a challenging year for the Textile industry. The overall performance of the industry was subdued due to delay in the implementation of GST by process houses and MSME customers in the Textile industry, fluctuating raw material prices and lower market demand. However, the Company achieved sales of ` 73.3 cr, an increase of 13% over 2016-17, mainly on account of growth in volume. The PC product group grew by 9% whereas the EC product group grew by 18%. The size of the world textile chemicals market is estimated at US$ 8.3 bn and is growing at about 4%. China and India are major consumers of these products. The size of the Indian Textile Chemicals industry is estimated at US$ 320 mn and is growing at about 7%. The size of the Textile industry in India is estimated at US$ 150 bn and is expected to reach US$ 650 bn (domestic US$ 350 bn and export US$ 300 bn) by 2025. The sector has been posting a steady growth over the years because of rising per capita income, favourable demographics, rising demand in man-made fibres and continued support to Textile industry by the Government. RACL is spreading its domestic footprint in the Textile industry and is keen to participate in this growth by launching new products and cost-effective solutions. The Company will focus on continuous bleaching range business by offering eco-friendly chemicals, promoting enzymes to improve sustainability and introducing water saving concepts in dyeing chemicals. A major thrust will be given to providing a complete package for yarn, knits and terry towel processing. The Company will focus on promotion of Perfluorocarbons free chemicals, silicone softeners and products based on renewable resources to meet the increasing demand from brands to comply with zero discharge of hazardous chemicals. At the same time, Printing industry is also growing as per fashion trend, therefore the Company will cater this area by introducing formaldehyde free pigment printing package and reactive printing chemicals. Rudolf Atul Chemicals Ltd | Annual Report 2017-18 Management Discussion and Analysis
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