Scripscan:Refex Refrigerants Ltd
cmp:25
Code:532884
Story:Refex Refrigerants is into business of refilling and selling non-ozone depleting refrigerants gases popularly known as Hydrofluoro Carbons or HFCs which are used in auto air-conditioners, room and commercial A.C., refrigerators and refrigerating equipments. These refrigerants are replacement for CFC’s and HCFC’s which deplete the ozone layer.The future of the HFC gas is very bright, but the company would have competition from local manufacturers. Due to huge infrastructure cost, the margins of the company would always be under pressure. About 80% is the cost of raw material for the company.With the Advent of a new era of eco friendly refrigerants, Refex is emerging as the leader in the current industry in promoting awareness and benefits of using Non Ozone Depleting Refrigerants. The dates set by the Montreal Protocol are now almost here. The use of CFCs will be completely banned by the year 2010. The strength of the companys brand lies in its drive to use Non Ozone Depleting Refrigerants and marketing the same. The complete market share of the CFC will now be diverted towards the more eco friendly refrigerants. This will see a huge spurt in the demand from both the direct manufacturers as well as the trade market. The boom in the economy , the increase in the manufacturing facilities of all leading Car and Refrigerator Manufacturers, the Growth in the sector of Transport Refrigeration, the need for more Air Conditioning in the multiple Commercial Complexes are also all continuously contributing to the growth in demand.The future is very bright and the industry is growing at a phenomenal pace.In order to keep up with the increased demand, the newly set up plant of the Company is now geared to handle all future requirements.Refex will eventually emerge as the leader both in terms of its business as well as its contribution to the environment by its Go Green campaign.Considering all these it looks to be a good bet.A definite hold at present levels.
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Tuesday, November 10, 2009
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