Panic seems to be over in Fine Organic

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Fine Organic Industries is engaged in and outside India as manufacturers, processors, suppliers, distributors, dealers, importers, exporters of wide range of oleochemical-based additives used in foods, plastics, cosmetics, coatings and other specialty application in various industries.

Largest in India and among top 6 global players
Fine Organic is the largest manufacturer of oleochemical-based niche additives in India. It is among the six largest global players in polymer additives and among leading global players in specialty food emulsifiers.

Fine's client/customer base includes companies like Coca-Cola, Britannia, Asian Paints, Parle, Pidilite, Berger Paints etc. No individual customer accounts for more than 5% of revenue. Fine Organic’s product portfolio comprises of over 460 products including food additives, polymer additives, emollients for cosmetics, additives for rubber & elastomers, etc.

Demand for oleo-chemicals are increasing as they are green additives and environment friendly

Co. has its warehouses in the USA & Europe. It has a network of 180+ distributors connecting to 800+ direct customers and 5000+ end users. Co. distributes its products to 75+ countries across the world.

A JV company, Fine Organic Industries (Thailand) was incorporated on May 31, 2021. Further, on November 11, 2021 co. approved the termination of JV Agreement with Adcotech GmbH for FineADD Ingredients GmbH.

Awaiting land allocation from the Gujarat government. It plans to start production at the Thailand plant in Q1FY24. A decision on further capacity addition at this facility will be taken in Q2FY24. It shall take about 9-10 months to construct the facility. In order to supply material in a timely manner, the company started maintaining higher inventories at its sites in the US and Europe.