Top Industry Leaders in the Microcrystalline Cellulose MCC Market
Microcrystalline Cellulose MCC Market
-
November 2023- Accent Microcell, a manufacturer of cellulose-based excipients, disclosed the filing of its Draft Red Herring Prospectus (DRHP) with NSE Emerge, the company informed in an exchange filing on November 13th. Nearly 5,600,000 newly issued equity shares, each of them having a worth of Rs. 10 per share, are a part of this deal. The Ahmedabad-based company intends to deploy the net proceeds from the offering to establish a new plant at Navagam Kheda for manufacturing Croscarmellose Sodium (CCS), Sodium Starch Glycolate (SSG), and Carboxymethylcellulose (CMC) as well as for general corporate purposes. Out of the total proceeds from fresh issue, the company proposes to invest Rs. 48.39 crore in the current financial year and Rs. 6 crore in FY2025 towards the establishment of Unit-III, the company's statement read. In addition to MCC, it produces other excipients such as Croscarmellose Sodium (CCS) and Magnesium Stearate (MS). Vasant V Patel, Promoter and Chairman of Accent Microcell Limited, said the company's advanced production capabilities, strategically located manufacturing facilities, and strong supplier base for sourcing raw materials place them in an authoritative position in the industry. The demand for the products is propelled by the utilization of microcrystalline cellulose in the pharmaceutical, personal care, cosmetic, food, and beverage industries. To enhance their capabilities further, the company is strategizing to set up a new plant at Navagam Kheda in Gujarat for producing Croscarmellose Sodium (CCS), Sodium Starch Glycolate, and Carboxymethylcellulose (CMC) with the help of funds raised from this IPO. The new facility is expected to be commercialized by April 2025.
Key Companies in the Microcrystalline Cellulose market includes
-
DuPont
-
Asahi Kasei Corporation
-
JRS Pharma
-
Roquette Frères
-
Mingtai Chemical Co., Ltd.
-
Accent Microcell Pvt. Ltd.
-
JRS Pharma
-
Pharmatrans-Sanaq AG
-
DFE Pharma
-
Weiming Pharmaceutical MFG. Co., Ltd
-
Sigachi Industries Pvt. Ltd., among others