Camlin Fine Sciences

Last updated

Camlin Fine Sciences Ltd.
Company type Public
NSE:  CAMLINFINE
BSE:  532834
Industry Speciality chemicals
Founded1931  OOjs UI icon edit-ltr-progressive.svg
Headquarters,
India
Area served
South Asia, Mexico and Central America
Key people
Ashish Subhash Dandekar (Managing Director) [1] [2]
Website www.camlinfs.com

Camlin Fine Sciences Ltd., formerly known as Camlin Fine Chemicals, is an Indian corporation that manufactures chemicals to improve the shelf life of food and other products[ clarification needed ], aromatic compounds, and performance chemicals. CFS has emerged as the largest producer of food antioxidants such as tert-Butylhydroquinone (TBHQ) and Butylated hydroxyanisole (BHA). It is also one of the world's leading Vanillin producers. [3]

Contents

CFS has offices and manufacturing facilities in several countries, such as India, China, Italy, Brazil, Mexico and the United States. [4] Having established global leadership in antioxidants, CFS expanded their business with forward integrated into antioxidant blends[ clarification needed ] and has widened its application to the food and beverage industry, pet food, animal feed, fishmeal, aquaculture, biodiesel, etc. [5]

Camlin Fine Sciences holds the patent for improved process in synthesis of BHA Butylated hydroxyanisole from TBHQ tert-Butylhydroquinone [6]

History

In 1984, Camlin Fine Chemicals Division was started by Camlin with the setting up of a new ultra modern plant at Tarapur, India.

In 2006, Camlin Fine Chemicals demerged from the parent company and an entirely new entity was formed called Camlin Fine Sciences Ltd.

In 2007, CFS was listed on the Bombay Stock Exchange. [7]

In 2011, CFS got listed on the National Stock Exchange of India.

In 2011, CFS took the firm overseas with the acquisition of Borregaard Italia SpA, a hydroquinone and catechol manufacturing facility at Ravenna, Italy through its wholly owned subsidiary in Mauritius. [8]

In 2014, CFS began operations in Brasil through its 100% subsidiary company CFS do Brasil Ltd, where it commenced production of antioxidant blends for food applications.

In 2016, CFS acquired 65% stake in Dresen Quimica S.A.P.I.de C.V., Mexico along with its group companies and subsidiaries.

In July 2017, CFS became the 3rd largest producer of vanillin in the world with the acquisition of 51% stake in Ningbo Wanglong Flavors & Fragrances Company Ltd., China. [9] [10] [11]

In November 2017, CFS entered into a preferred supply agreement with Lockheed Martin Advanced Energy Storage for manufacturing and supply of a specialty chemical. [12] [13] In April 2018, CFS entered into an Animal Nutrition joint venture with Pahang Pharma (S) Pte. Ltd., Singapore.

Business verticals

Shelf life solutions

Having established global leadership in antioxidants, CFS moved forward in blending by setting up a unit in Tarapur, India and in Brazil in 2014. [5] Today, CFS has its blending facilities across the world (India, China, Mexico, USA and Brazil). It has a portfolio of more than 100 natural shelf life extending products under the brand names Xtendra and NaSure. The company has widened its applications for different food industries such as snacks, bakery, meat & poultry, spices & seasonings, etc. and has also tapped potential shelf life solutions[ clarification needed ] in fried snacks, pet food, fishmeal, biodiesel, confectionery, animal feed. [14]

CFS acquired a 65% stake in Dresen Quimica S.A.P.I. de C.V., Mexico, to cover Central America and Andean States. Dresen is in the Mexican food and feed blends business. With this acquisition, the portfolio expanded to geographies in Mexico and Central America with products like antioxidant blends (traditional and natural), feed additives etc. [15]

Aroma ingredients

CFS produces vanillin and ethyl vanillin using fully traceable vertically integrated production. [16] CFS uses an environmentally friendly method for producing vanillin and ethyl vanillin (sold under the brand name Vanesse and Evanil respectively) from Catechol. The company makes all key ingredients in-house and has gained acceptance as a quality global vanillin player. [14] The brands Vanesse (vanillin) and Evanil (ethyl vanillin) have grown their customer base not only from food and flavor industry, but also manufacturers of fragrances, incense sticks and pharmaceuticals industries and perfumeries. [17]

The company has also launched floral booster, which is specially developed for incense stick industry to enhance sweet note, sustain burning and aroma-spreading properties along with Intense Green-a fragrance and flavour chemical, and Vetigreen-an aromatic chemical for home cleaning solutions, personal care products, cosmetics and incense sticks. [18]

Performance chemicals

The company entered into performance chemicals segment with the acquisition of Borregaard Italia Spa ltd in March 2011 and became one of the largest producers of di-phenols (Hydroquinone and Catechol). To cater the demand from the market CFS has doubled its guaiacol capacity to 4000 tonnes per annum and raised veratrole capacity by 67% to 1000 tonnes per annum in FY16 and this will lead to 17% sales CAGR over FY15-18 to Rs 2.04bn. [5] [ needs update ] CFS has distribution hubs in different parts of the world to cater to customer demands.

Related Research Articles

Antioxidants are compounds that inhibit oxidation, a chemical reaction that can produce free radicals. Autoxidation leads to degradation of organic compounds, including living matter. Antioxidants are frequently added to industrial products, such as polymers, fuels, and lubricants, to extend their usable lifetimes. Foods are also treated with antioxidants to forestall spoilage, in particular the rancidification of oils and fats. In cells, antioxidants such as glutathione, mycothiol, or bacillithiol, and enzyme systems like superoxide dismutase, can prevent damage from oxidative stress.

<span class="mw-page-title-main">Food preservation</span> Inhibition of microbial growth in food

Food preservation includes processes that make food more resistant to microorganism growth and slow the oxidation of fats. This slows down the decomposition and rancidification process. Food preservation may also include processes that inhibit visual deterioration, such as the enzymatic browning reaction in apples after they are cut during food preparation. By preserving food, food waste can be reduced, which is an important way to decrease production costs and increase the efficiency of food systems, improve food security and nutrition and contribute towards environmental sustainability. For instance, it can reduce the environmental impact of food production.

A preservative is a substance or a chemical that is added to products such as food products, beverages, pharmaceutical drugs, paints, biological samples, cosmetics, wood, and many other products to prevent decomposition by microbial growth or by undesirable chemical changes. In general, preservation is implemented in two modes, chemical and physical. Chemical preservation entails adding chemical compounds to the product. Physical preservation entails processes such as refrigeration or drying. Preservative food additives reduce the risk of foodborne infections, decrease microbial spoilage, and preserve fresh attributes and nutritional quality. Some physical techniques for food preservation include dehydration, UV-C radiation, freeze-drying, and refrigeration. Chemical preservation and physical preservation techniques are sometimes combined.

<span class="mw-page-title-main">Butylated hydroxytoluene</span> Chemical compound

Butylated hydroxytoluene (BHT), also known as dibutylhydroxytoluene, is a lipophilic organic compound, chemically a derivative of phenol, that is useful for its antioxidant properties. BHT is widely used to prevent free radical-mediated oxidation in fluids and other materials, and the regulations overseen by the U.S. F.D.A.—which considers BHT to be "generally recognized as safe"—allow small amounts to be added to foods. Despite this, and the earlier determination by the National Cancer Institute that BHT was noncarcinogenic in an animal model, societal concerns over its broad use have been expressed. BHT has also been postulated as an antiviral drug, but as of December 2022, use of BHT as a drug is not supported by the scientific literature and it has not been approved by any drug regulatory agency for use as an antiviral.

Rancidification is the process of complete or incomplete autoxidation or hydrolysis of fats and oils when exposed to air, light, moisture, or bacterial action, producing short-chain aldehydes, ketones and free fatty acids.

<span class="mw-page-title-main">Vanillin</span> Chemical compound

Vanillin is an organic compound with the molecular formula C8H8O3. It is a phenolic aldehyde. Its functional groups include aldehyde, hydroxyl, and ether. It is the primary component of the extract of the vanilla bean. Synthetic vanillin is now used more often than natural vanilla extract as a flavoring in foods, beverages, and pharmaceuticals.

<span class="mw-page-title-main">Food browning</span> Food process

Browning is the process of food turning brown due to the chemical reactions that take place within. The process of browning is one of the chemical reactions that take place in food chemistry and represents an interesting research topic regarding health, nutrition, and food technology. Though there are many different ways food chemically changes over time, browning in particular falls into two main categories: enzymatic versus non-enzymatic browning processes.

<span class="mw-page-title-main">Aroma compound</span> Chemical compound that has a smell or odor

An aroma compound, also known as an odorant, aroma, fragrance or flavoring, is a chemical compound that has a smell or odor. For an individual chemical or class of chemical compounds to impart a smell or fragrance, it must be sufficiently volatile for transmission via the air to the olfactory system in the upper part of the nose. As examples, various fragrant fruits have diverse aroma compounds, particularly strawberries which are commercially cultivated to have appealing aromas, and contain several hundred aroma compounds.

<span class="mw-page-title-main">Catechol</span> Organic compound (C6H4(OH)2); benzene with two adjacent –OH groups

Catechol, also known as pyrocatechol or 1,2-dihydroxybenzene, is an organic compound with the molecular formula C6H4(OH)2. It is the ortho isomer of the three isomeric benzenediols. This colorless compound occurs naturally in trace amounts. It was first discovered by destructive distillation of the plant extract catechin. About 20,000 tonnes of catechol are now synthetically produced annually as a commodity organic chemical, mainly as a precursor to pesticides, flavors, and fragrances. Small amounts of catechol occur in fruits and vegetables.

<span class="mw-page-title-main">Hydroquinone</span> Chemical compound

Hydroquinone, also known as benzene-1,4-diol or quinol, is an aromatic organic compound that is a type of phenol, a derivative of benzene, having the chemical formula C6H4(OH)2. It has two hydroxyl groups bonded to a benzene ring in a para position. It is a white granular solid. Substituted derivatives of this parent compound are also referred to as hydroquinones. The name "hydroquinone" was coined by Friedrich Wöhler in 1843.

<span class="mw-page-title-main">Borregaard</span>

Borregaard is a Norwegian company, established in 1889 in the southeastern town of Sarpsborg in Østfold county. Its main products were traditionally pulp and paper. The company later started producing chemicals based on timber as a raw material. After a takeover in 1986, Borregaard was part of the chemical division of the Orkla Group until it was spun off and introduced to the Oslo Stock Exchange in October 2012. It had 1050 employees in 2016.

<span class="mw-page-title-main">Albemarle Corporation</span> American chemical company

Albemarle Corporation is an American specialty chemicals manufacturing company based in Charlotte, North Carolina. It operates 3 divisions: lithium, bromine specialties and catalysts.

<span class="mw-page-title-main">Ethoxyquin</span> Chemical compound

Ethoxyquin (EMQ) is a quinoline-based antioxidant used as a food preservative in certain countries and originally to control scald on pears after harvest. It is used as a preservative in some pet foods to slow the development of rancidity of fats. Ethoxyquin is also used in some spices to prevent color loss due to oxidation of the natural carotenoid pigments.

<i>tert</i>-Butylhydroquinone Chemical compound

tert-Butylhydroquinone is a synthetic aromatic organic compound which is a type of phenol. It is a derivative of hydroquinone, substituted with a tert-butyl group.

<i>Kaempferia galanga</i> Species of flowering plant

Kaempferia galanga, commonly known as kencur, aromatic ginger, sand ginger, cutcherry, is a monocotyledonous plant in the ginger family, and one of four plants called galangal. It is found primarily in open areas in Indonesia, southern China, Taiwan, Cambodia, and India, but is also widely cultivated throughout Southeast Asia.

<span class="mw-page-title-main">Protocatechuic acid</span> Chemical compound

Protocatechuic acid (PCA) is a dihydroxybenzoic acid, a type of phenolic acid. It is a major metabolite of antioxidant polyphenols found in green tea. It has mixed effects on normal and cancer cells in in vitro and in vivo studies. It is produced commercially from vanillin.

Warmed-over flavor is an unpleasant characteristic usually associated with meat which has been cooked and then refrigerated. The deterioration of meat flavor is most noticeable upon reheating. As cooking and subsequent refrigeration is the case with most convenience foods containing meat, it is a significant challenge to the processed food industry. The flavor is variously described as "rancid," "stale," and like "cardboard," and even compared to "damp dog hair." Warmed-over flavor is caused by the oxidative decomposition of lipids in the meat into chemicals which have an unpleasant taste or odor. This decomposition process begins after cooking or processing and is aided by the release of naturally occurring iron in the meat.

Dilip Dandekar was the chairman and managing director of Kokuyo Camlin Ltd., taking office from June 1, 2002. He joined Camlin Ltd. as a management trainee under his father, D. P. Dandekar and uncle, G. P. Dandekar, who were the founders of the company.

The chemical industry of India is a major industry in the Indian economy and as of 2022, contributes 7% of the country's Gross Domestic Product (GDP). India is the world's sixth largest producer of chemicals and the third largest in Asia, as of 2022. The value of the Indian chemical industry was estimated at $100 billion dollars in 2019. The chemical industry of India generates employment for five million people. The Indian chemical industry produces 80,000 different chemical products. India was also the third largest producer of plastic in 2019. As of September 2019, the alkali chemical industry produced 71% of all chemicals produced in India. India's chemical industry accounts about 14% of production in Indian industries.

References

  1. M, Sabarinath. "Meet Ashish Dandekar, the Camlin scion who writes his own success story". The Economic Times.
  2. "Camlin Fine Sciences - High quality shelf life extension solutions". www.camlinfs.com. Archived from the original on 12 June 2018. Retrieved 11 May 2018.
  3. "CAMLIN FINE SCIENCES BECOMES WORld's THIRD LARGEST VANILLIN PRODUCER - Food Marketing & Technology". Archived from the original on 22 May 2018. Retrieved 21 May 2018.
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  5. 1 2 3 Camlin Fine Sciences (CFIN IN) backoffice.phillipcapital.in
  6. "Improvement in synthesis of butylated hydroxyanisole from tertiary butyl hydroquinone".
  7. "Camlin Fine Sciences - High quality shelf life extension solutions". www.camlinfs.com. Archived from the original on 11 May 2018. Retrieved 11 May 2018.
  8. "Camlin Fine Chemicals buys Italy's Borregaard". 9 March 2011. Retrieved 11 May 2018.
  9. "Camlin Fine Sciences buys 51% stake in Chinese firm". Business Standard India. Press Trust of India. 12 July 2017. Retrieved 11 May 2018 via Business Standard.
  10. "Camlin Fine Sciences buys 51% stake in Chinese chemical firm". 12 July 2017. Retrieved 11 May 2018.
  11. "Camlin Fine Sciences buys 51% stake in Chinese firm - Latest News & Updates at Daily News & Analysis". 12 July 2017. Retrieved 11 May 2018.
  12. "Camlin Fine Sciences enters into agreement with Lockheed Martin Advanced Energy Storage". Moneycontrol. 15 November 2017. Retrieved 11 May 2018.
  13. "BRIEF-Camlin Fine Sciences enters preferred supply agreement with Lockheed Martin Advanced Energy Storage". Reuters. 15 November 2017. Archived from the original on 11 May 2018.
  14. 1 2 "Check out the undefined-share-price Management Discussions | Live stock/Share Prices at indiainfoline.com". indiainfoline.com. Retrieved 29 September 2023.
  15. "Camlin Fine Sciences' Mexican unit acquires 65% stake in Dresen Quimica". 5 May 2016.
  16. "Camlin Fine Sciences". Archived from the original on 12 June 2018. Retrieved 11 June 2018.
  17. "Camlin Fine Sciences Becomes World's Third-Largest Vanillin Producer".
  18. "Camlin Fine Sciences Acquires 51% in China Firm; Stock Hits New One-Month High | CORPORATE ETHOS". Archived from the original on 21 June 2018. Retrieved 21 June 2018.