Jubilant Ingrevia Inaugurated A New Facility For Producing Acetic Anhydride In Gujarat

Jubilant Ingrevia Commissions Its Latest Acetic Anhydride Plant In Gujarat

Jubilant Ingrevia declared the commissioning of the latest Acetic Anhydride plant, which will operate globally. The production plant is established at its manufacturing facility in west India at Bharuch, Gujarat.

This facility added almost 60,000 MT in capacity, thus revving the company's total yearly Acetic Anhydride capacity to 210,000 MT. This added capacity will likely assist the company in increasing its worldwide presence across several landscapes and gaining a leading position in the global merchant markets. In the regional market, it supports and consolidates the company's status as a market leader further.

The chief executive officer (CEO) & managing director of Jubilant Ingrevia, Rajesh Srivastava, stated that they are content with the launch of their latest global-scale acetic anhydride plant. This extra capacity for the production of acetic anhydride will ensure the satisfactory availability of raw materials for their several global consumers and their end products. It will also assist them in reaching their expected expansion across the markets worldwide.

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With the extra capacity, the firm also offers a prospect to its customers worldwide for expanding their downstream products further across downstream industries, including electronics, food, pharmaceuticals, vitamins, wood acetylation, agrochemicals, and the dyes industry, among others.

Acetic anhydride is a crucial feedstock needed to produce medicines, like sulfa drugs, acetylsalicylic acid (aspirins), acetyl-p-aminophenol, acetanilide, cortisone, theophylline, sulfonamides, certain vitamins and hormones, acetophenacetin, acetylcholine hydrochloride, and paracetamol.

The acetic anhydride market worldwide obtained a USD 3.05 billion value in 2022 and is anticipated to attain a value of USD 4.06 billion by 2028.

Jubilant Ingrevia is a global provider of integrated life science products and innovative solutions catering to the nutrition, pharmaceutical, consumer, agrochemical, and industrial customers with its custom-made products and solutions that are cost-effective and innovative while also conforming to premium quality standards. The company is involved with the manufacture and supply of nutrition & health solutions, speciality chemicals, and chemical intermediates with the help of their five production facilities across India.

On a consolidated basis, the net profit of Jubilant Ingrevia fell by 29 percent to INR 92 crore on a 10.16 percent drop in earnings from operations to INR 1,152.63 crore in Q3 FY23 over Q3 FY22.

The scrip advanced 0.85 percent to INR 402 on the BSE.

Shares of the firm were previously trading in BSE at INR 413.00 in comparison to the prior closing of INR 398.60. The complete set of shares traded in the day was 68906 in over 2533 trades.

The stock achieved an intraday high of INR 416.35 and an intraday low of 388.85. the day's net turnover was INR 27861710.00.

The growing acetic anhydride demand in the pharmaceutical industry is the main driving factor for the market. It has wide usage for producing several drugs like paracetamol and aspirin.

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Hence, owing to the wide demand and usage of these popular drugs paired with the rising cases of health-related concerns like vomiting, fever and aches etc., which is boosting product sales in the sector. Furthermore, it also works as a feedstock to manufacture drugs like cortisone, theophylline, and acetaminophen etc.

Also, the growing demand for hormonal drugs that have applications in treating several chronic illnesses like cancer and hormonal disorders such as prostate disorders, infertility, allergic rhinitis, and hypothyroidism etc., which, is furthering the industry development.

Other factors contributing to the acetic anhydride market include its usage in cellulose acetate in the packaging industry, growing strictness regarding the regulations and standards for the food and beverage industry, growing cellulose acetate demand for making a rigid film; its use in the textile industry to make natural fibres; as well as growing research and development (R&D) activities for substituting cotton with cellulose fibre.

According to the Procurement Resource article, Jubilant Ingrevia is announcing the launch of its newest Acetic Anhydride plant in Gujrat to increase the company's production capacity to 210,000 MT. The company will increase production and offer its buyers and their end-use products a better experience and service, boosting its global reach in the sector.