FY22 was a milestone year for the Advanced Materials Division (AMD) which crossed the 1000 crore mark. All three Advanced Materials businesses – Human Protection, Industrials and Advanced Composites continued to see strong demand throughout the year. AMD businesses continued to improve their mix towards differentiated products, and also consolidated their positions in key accounts.
This business saw continuing demand for its products as key global customers granted larger wallet share for its proven and cost-effective products. Like other businesses,
Human Protection segment, that makes and sells specialty functional apparel such as Fire Retardant, Work Wear, Abrasion Resistant suits, Low temperature clothing etc., consolidated its position in large global accounts as a preferred supplier. Composites business continued to diversify its product portfolio towards higher value products and also won large orders for its newer product lines in Mass Transport and Sports goods segments. The Industrial products businesses – which include various kinds of liquid and gas filtration, belting, coated fabrics and yarn – also saw nice pick-up on the revenue side, and delivered healthy contributions.