NEELKAMAL GLOBAL RESOURCES PVT LTD.
The company is promoted by the “THE MALU FAMILY” and all the directors are from the family and are first generation entrepreneurs. The group has interests in Indigenous & Imported Coal, Lignite Merchant Trading, Manufacturing of Paper (Newsprint & Kraft), Manganese, MS Steel Castings.
The Company is the International Arm of P R Malu Group, and is dealing in various products viz. Rare Earths and Mineral Sands, Steel Billets and Wire Rods, Ferro Manganese, Coal and other products.
Neelkamal Global Resources has secured the Marketing Rights of Products of ILUKA RESOURCES LTD, an ASX Listed Compnany (ASX Code: ILU). Iluka is the world’s largest producer of zircon, with a market share of approximately one third. It is the second largest producer of titanium dioxide minerals, and within this sector the largest global producer of the higher value titanium dioxide products of rutile and synthetic rutile (upgraded ilmenite).
Neelkamal Global Resources markets Rutile and Zircon Products of Iluka in Indian Market. Mineral sands products of rutile, synthetic rutile, ilmenite and zircon have a wide range of consumer, lifestyle and industrial applications - from pigment production used in paints, plastics, papers, titanium metal production, welding electrodes, to tiles, sanitary ware and zirconium based chemicals and zirconia metal applications. Zircon is a hard, glassy mineral used for the manufacture of ceramics and refractories and also in a range of other high-tech industrial and chemical applications. It is used extensively for ceramic glazes, most commonly applied in kitchen tiles, dinner-ware, bathroom products and decorative ceramics.
Neelkamal Global has secured a huge market of Iluka Products in Gujarat Region, which is the Ceramic Hub in India. Neelkamal Global Resources is also resourcing Wire Rods and Steel Billets from Canada and Russia for sales of High Seas Basis in India. Since the Promoters have expertise in Steel Procurement, the same is being implemented in the Company for a New market. Material is sold Ex- High Seas Basis Mumbai, Nhava Sheva.
The Company is looking into other products, which can be marketed in India throughout. The company is already in touch with Global Majors for the Marketing rights of their products in India.
ZIRCON SAND IN INDIA
Zircon Sand is a Key Raw Material used as Opacifier in Ceramic Industry. It is used by Frit and Glaze Industry, which are intermediary in Ceramic Industry. Zircon is an Active Opacifier. It is stable in different gas environments in furnaces and is inexpensive to its whitening counterpart titanium di oxide.
Zircon Sand is also used in Refractory Industry, due to its physical property of higher resistance to fire and stronger bonding properties. With a melting point of around 1,800C, refractories are used as linings to protect furnaces and kilns for smelting metals and for the manufacture of chemicals. Casting Industry uses Zircon Paint for lining during Casting. In India, Indian Rare Earths (IRE), a Govt owned Company manufactures Zircon apart from a private player V V Minerals. Rest all is Imported. The Zircon Sand Market is estimated as 55000 – 60000 MT per annum. Approx. 75% of Zircon Sand is imported in India.
With the increasing use of Tiles in Indian Housing Industry, Zircon Business is here to stay, as demand will exponentially rise. More production capacity is India is not in foresight, since Rare Earths come under a high surveillance Department of Atomic Energy of India; and will be covered by Imports. The housing construction industry is poised for tremendous growth in coming years in the backdrop of large population base, rising income levels, increasing demand for housing units, fast changing rural housing landscape. In addition, the housing construction industry is expected to overtake other industrial sectors in terms of contribution to GDP growth in the next few years. Neelkamal Global is targeting 10% of Indian market share in its First Year of Operation. With Supply backup from Iluka Resources, Neelkamal Global expects to achieve the same by the end of FY 10-11.