Archean Chemical Industries IPO - Largest Exporter Of Bromine, Industrial Salt: ICICI Direct
It is the largest exporter of bromine, industrial salt by volume in India and among the lowest cost producers globally.
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ICICI Direct's IPO Report
Archean Chemical Industries Ltd. is a leading specialty marine chemical manufacturer in India and focused on producing and exporting bromine, industrial salt and sulphate of potash to customers around the world.
It is the largest exporter of bromine, industrial salt by volume in India and among the lowest cost producers globally in both bromine, industrial salt.
Archean Chemical produces products from its brine reserves in Rann of Kutch and manufacturers products at its facility near Hajipur in Gujarat.
Bromine is used as a key initial level material, which has applications in the pharmaceuticals, agrochemicals, water treatment, flame retardant, additives, oil and gas, and energy storage batteries.
Industrial salt is the principal material in chlorine and caustic soda production (together, known as chloralkali) and is widely used in the chemical and food and beverage industries.
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