Toyo Ink SC Holdings Co., Heubach Colour to set up JV in Ankleshwar, Gujarat, India.
The alliance will facilitate the distribution of organic pigments, which are internationally competitive in terms of performance, quality and prices, within India and overseas. The organic pigment products will also be supplied to the Toyo Ink Group's India-based activities relating to its products in an effort to improve competitiveness.
Heubach Colour, affiliated with the more than 600--year-old Heubach Group, is among the companies occupying the largest share in India.
The aim of the recent establishment of a joint venture is for both companies to maximize, through the establishment of a close partnership in yellow organic pigments, the sharing of their management resources and advantages in an effort to facilitate their business expansion.
Heubach Colour has production infrastructure and capacity for raw material procurement and marketing in India, while the Toyo Ink Group has technical expertise in the production of high-quality yellow organic pigments, as well as international brand power. Combining these strengths will help form a system for the production and marketing of pigments that can compete on a worldwide level.
The establishment of the joint venture will be followed by construction of a factory within Heubach Colour's production site. The new factory will commence commercial production in May 2014, leading to sales expansion through marketing activities in India and the two groups' global sales networks. They aim to achieve sales volume of 1000 tons by 2016.
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|Title Annotation:||industry news|
|Date:||Mar 1, 2013|
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