EMAIL

jainam1@yahoo.com

PHONE

079-79688605

VISIT

11, Sun Avenue One, Shyamal-Manekbaug Road, Ambawadi, Ahmedabad

Jainam Industries
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EMAIL

jainam1@yahoo.com

PHONE

079-79688605

VISIT

11, Sun Avenue One, Shyamal-Manekbaug Road, Ambawadi, Ahmedabad

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Industries

Petrochemical Industries At A Glance

The petrochemical industry in India has been one of the fastest growing industries in the country. Since the beginning, the Indian petrochemical industry has shown an enviable rate of growth. This industry also has immense importance in the growth of economy of the country and the growth and development of manufacturing industry as well. It provides the foundation for manufacturing industries like construction, packaging, pharmaceuticals, agriculture, textiles etc.
The Indian petrochemical industry is a highly concentrated one and is oligopolistic in nature. Even a few days back, only four major companies viz. Reliance Industries Ltd (RIL), Indian Petrochemicals Corporation Ltd. (IPCL), Gas Authority of India Ltd. (GAIL) and Haldia Petrochemicals Ltd. (HPL) used to dominate the industry at a large extent. The recent amalgamation of IPCL with RIL has made the industry more concentrated further, as they jointly account for over 70% of country’s total petrochemical capacity. However, the scene is a bit different for the downstream petrochemical sector, which is highly fragmented in nature with over 40 companies exist in the market.

The Charactristic Of Indian Pertrochemical Industry

Petrochemical Industry in India is a cyclical industry. This industry, not only in India but also across the world, is dominated by volatile feedstock prices and sulky demand. India has one of the lowest per capita consumptions of petrochemical products in the world. For example, the per capita consumption of polyester in India lies at 1.4 kg only comparing to 6.6 kg for China and 3.3 kg for the whole world. Similarly, the per capita consumption of polymers are 4 kg in India, whereas the per capita consumption is around 20 kg for the whole world.

The Growth

The petrochemical industry in India came into existence during 1970s. The 1980s and 1990s saw some rapid growths for Indian petrochemical industry. The biggest reason for this growth was the high demand for petrochemicals in India, which grew at an annual rate of 13 to 14% since late 90s. It also called for rapid expansion of capacity. The BMI forecast of average annual growth in India over 2007-2011 is 14 to 16%. However, the industry suffered setbacks during 2008 due to surge in the price of crude oil. It will be tough for Indian petrochemical industry to plug the deficit of 5mn TPA of ethylene and 4mn TPA of polymer by 2012 (according to the predictions of the government).

The Present Scenario Presently India has three gas-based and three naphthabased cracker complexes with a combined annual capacity of 2.9 MMT of ethylene. Besides this, there are also 4 aromatic complexes with a capacity of 2.9 MMT of Xylenes.

The production of 5.06 MMT polymers during FY09 accounted for around 62% of the total production of key petrochemicals. It also achieved 88.5%

Capacity utilization. The industry also produced 2.52 MMT of synthetic fibers during FY09 with a 73% of capacity utilization.

Marketing Strategy

JIPL’s marketing strategy is based on long-term relationships with existing customers and cultivating potential new clients by offering high-quality value and service. One of the main challenges is to maintain these marketing goals during the present global economy conditions and ensuring its ability to continue offering the best possible service
JIPL brand products of JIPOL 001, JIPOL 002, JIPOL RFO are in great demand in various industries. The demands of these products are ever increasing.

Future Plans

The Company is planning to manufacture of Emulsion, Emulsifier, Dmuslifire. Company is planning to take and install new machinery in plant to manufacture new range of products. Company shall be making Mineral Turpentine Oil very soon for paint Industries.

JIPL has also started various ranges of new products to supply in infrastructure Company, Paint Industries, Boiler Industries.

The Company is also executing contract with MSC Mediterranean shipping company S A (Geneva) vessel sludge and Disposal agreement MARPOL 1973/78 and incompliance with the pollution prevention law of India and of Mundra Economic Zone, where the local operation is managed by MSC.

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