Navin Fluorine International Ltd (NFIL)

Disclaimer: All information contained in this presentation have been obtained from sources believed to be

accurate by the author. While reasonable care has been taken in preparation, the author makes no

representation or warranty, express or implied, as to accuracy, timeliness or completeness of any such

information. All information should be considered solely as statements of opinion of the author, and NFIL

will not be liable for any loss incurred by users from any use of the contents of this presentation.

NAVIN FLUORINE INTERNATIONAL LIMITED

Navin Fluorine International Ltd. (NFIL)

Navin Fluorine is part of the reknowned ARVIND

MAFATLAL group in India which is over 100 years old

Corporate Enterprise

Our Background & Mafatlal Group

Mafatlal Group – Established in 1905, NFIL – Established in 1967

NOCIL Ltd, Mfg plant, Dahej

NFIL, New Fluorochemicals Plant, Dahej

NFIL, Mfg Plant, Pilot, R&D centre Surat

Mafatlal Industries Ltd, Ahmedabad

Mafatlal Industries Ltd, Textile unit, Nadiad

Mafatlal Industries Ltd, Textile unit, Navsari

Mafatlal Denim Ltd, Mfg plant, Navsari

AMG Headquarters, Mumbai

NOCIL Plant, Thane – Near Mumbai

NFIL – Branch Offices – New Delhi, Chennai, Hyderabad; Head Office – Mumbai

NFIL, Mfg Plant, cGMP Pilot, Dewas

ARVIND MAFATLAL GROUP

NOCIL LTD N F I L Mafatlal Ind. Ltd

Leading

manufacturer of

rubber chemicals

Business units include:

Refrigerants, Specialty

Chemicals and Bulk

Fluorides and CRAMS

Co. produces

100% cotton and

cotton/ polyester

blends

Manufactures and

markets denim

fabric

NAVIN FLUORINE INTERNATIONAL LIMITED

Navin Fluorine International Ltd

Surat, India Dewas, India Manchester, UK

Integrated Fluoro

Chemical

Complex

CRAMS Business

Catering to world

leaders in Pharma with

Fluoro molecules

Manchester

Organics Ltd

In CRO Business,

catering to world

leaders in Pharma

NAVIN FLUORINE INTERNATIONAL LIMITED

NAVIN FLUORINE INTERNATIONAL LIMITED

Bussiness Units

Refrigerant Gases

Bulk Fluorides Specialty Chemicals

CRAMS

R-22 HF

NaF

ABF

KF

Intermediates for

Life sciences,

BF3 Gas

The Arvind Mafatlal Group (AMG) believes in business excellence without compromise

This is the way we have always done business - actions matter, mere intentions do not

Honouring business commitments, even in competitive times

Zero Shortcuts

The Ethics of Excellence

NFIL is committed towards working with people surrounding its plants. Some of the projects which have been initiated.

CSR activities at NFIL

1. Mobile Health Van – In operation around few villages near Surat with Doctor, Nurse and free medicines.

2. Deaf & Dumb School – Audiometric Laboratory fully operational.

3. Providing drinking water to tribal household in Dhanpur taluka of Dahod District, Gujarat through installation of six solar power based mini drinking water systems.

Fluorspar

HF

HCFCs

Refrigeration

AlF3

Aluminium

BF3

Pharmaceuticals

& Agrochemicals

Polymers

KF

Inorganic Fluorides

Fluoroaromatics

Fluoro-aliphatics

TFA,TFE

Ceramics, Glass

Fluorine Chemistry – at Navin

NAVIN FLUORINE INTERNATIONAL LIMITED

Types of Fluorspar and Application in India

Fluorspar Lump

Acid Grade

Dry Powder

SS/Welding

Electrode/Refractories

Flux

AHF Production

Fluorspar Consumption in India

Acid Grade Fluorspar Powder DMT , 105000 Other, 26000

Estimated Acid Grade Fluorspar consumption as of FY 2012-13: 105,000 MT

Imports in corresponding period 2011-12 was 200,000 DMT(Acid grade

Current FY, the Imports has been very low India also imports other Grades of Fluorspar like Dried, Metspar, Low purity etc

Fluorspar Sources

Till 2010 India was mainly depending on Chinese Acid Grade Spar. The trend is

changing fast with more Countries joining..

South Africa and Kenya more aggressive now

Value addition of Fluorspar in India

Acidspar AHF

R-22

HFC-134A

Specialty Fluoro Intermediates

Inorganic Fluorides

PTFE

CRAMS

Major Buyers of Acid Grade Fluorspar in India

Acid Grade Flurospar is imported into India by ;

• Navin Fluorine International Ltd

• Gujarat Fluorochemicals Ltd

• SRF Ltd

• Tanfac Industries Ltd

AHF is Produced in India by ;

• Navin Fluorine , Gujarat Fluoro, SRF & Tanfac

R-22 is Produced in India by ;

• Navin Fluorine , Gujarat Fluoro, SRF & HFL

** R-134A is produced only by SRF in India

** PTFE is produced only by Gujarat Fluoro in India.

Acid Grade Fluorspar Price Movement

Import data by Agencies

Current CIF Navasheva price is at < $ 310 PDMT

Is India Dependent on Chinese Fluorspar

India is not dependent on China for Fluorspar

Multiple supply sources have been identified

GMDC owns Fluorspar mines in India. NFIL, GFL and Gujarat Mineral

Development Corporation has formed a Joint Venture Company to set up

beneficiation of ore.

R-22 Phase out schedule for Article 5 countries

Source: Montreal Protocol / National Environment Agency (NEA)

R22 is produced in India by

NFIL, GFL ,HFL and SRF Used by domestic AC

Manufacturers and is

exported to many countries

from India It will follow the Phase

down schedules There is a possibility that

HFC 410A or R-32 may

replace R-22 much before

the Phase down schedules Currently, Daikin is selling

R-32 based AC’s in India More environment friendly

refrigerants will replace R-

22 in due course of time Fluorspar will grow in line

with growth in consumption

of Refrigerant gases

R-22 : Current status

R-22 Scenario in India

R-22 Capacities KTA Domestic demand & Exports

Air Conditioners are the major consumers

of R-22 in India.

Demand of new AC’s and Service

segment will drive the demand of R-22

Domestic consumption of R-22 is about

9KMT(includes HFL & Chemplast)

India exported about 16KMT of R-22 to

Saudi, UAE, Bahrain, Nigeria, Vietnam,

Oman, Qatar, Jordan, Philippines, Kuwait,

Thailand, Brazil, Iran, Egypt etc as of FY

2012-13

Total-45KMT

NFIL

SRF GFL

HFL & Chemplast

GFL consumes large quantities of R-22 Captively for making PTFE R22 capacities from CDM Documents

Key takeaways

Sustainable growth in Refrigerants, Specialty Intermediates & Inorganic

Fluorides will drive the Fluorspar consumption

More and more value addition of Fluorspar will be seen in the Speciality

Fluorochemicals as India is strengthening its foot prints in the global market

India is in the process of developing new Fluorspar sources. Another focus

area will be to strengthen the relationships with Fluorspar suppliers globally

and enter into long term Business relationships