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Corporate History

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A Journey towards Excellence in Customer Service

Timeline - Apcotex over the years



At Apcotex, we endeavour to use science responsibly to benefit our planet, country, society, and stakeholders. In addition, we strive to offer our customers the best products and solutions. Apcotex's journey reflects our commitment to excellence, state-of-the-art manufacturing practices, and stringent quality standards.

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Started as a division of Asian Paints. Pioneered the manufacturing of Vinyl Pyridine latex and Carboxylated StyreneButadiene latex in India.
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1980
Started High Styrene Rubber production with 10,000 MT p.a. (dry) capacity.
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1998
Installed capacity of saleable latex increased at Taloja from 40,000 MT p.a. to 55,000 MT p.a. (wet).
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2013
Completed acquisition of Omnova Solutions India Pvt. Ltd. With an NBR Nitrile Rubber of 16,000 MT p.a. (dry).
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2016
Entered into Nitrile Latex business for Gloves application.
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2019
Taloja Latex plant capacity increased to 65,000 MT p.a. (wet) and Valia plant NBR capacity to 21,000 MT p.a. (dry).
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2021
New Nitrile Latex capacity of 50,000 MT p.a. (wet) at Valia will be further expanded to 80,000 MT p.a. (wet) in the next phase. Taloja Latex plant swing capacity increased to 100,000 MT p.a. (wet).
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2023
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Valia: a turn-around story

Valia: a turn-around story

In February 2016, Apcotex acquired a 100% stake in Omnova Solutions India Pvt Ltd (OSIPL), the Indian arm of US-based specialty company Omnova Solutions Inc, then a leader in manufacturing NBR and HSR with a manufacturing plant at Valia, Gujarat.

The successful turnaround of the then inefficient plant is visible in:

  • Improvement in Quality
  • Rationalization of product range
  • An improved Cash Conversion Cycle from 122 days to 58 days
  • Efficiency in RM procurement and lowering operating costs
  • Expansion in EBIDTA margin from 6% to 12%

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