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Colorant to ink JV with Chinese company to produce dyestuffs

Colorant is in talks with Chinese producer of textile dyes, which had supplied flourine-based reactive dyes technology to Colorant, to also source intermediates. The two companies will together set up a joint venture in India to produce dyestuffs. Alongside, Colorant will also be supplying dyes to the global network of the Chinese company. Major global apparel brands like Levi’s, M&S and Decathlon, among other already source from Colorant and now the company expects to be on the list of approved suppliers to the fast fashion brand Zara.

Colorant, manufacturing reactive textile dyes was set up in 1999 by Subhash Bhargava. The company’s dyes are primarily meant for the cellulose and cotton textile sector and it offers the complete range meeting every need of the industry. Colorant is the first Indian manufacturer and only producer of flourine-based reactive dyes in India. It has four units in Ahmedabad. The company has an office in Tirupur and sales officials stationed in Vapi, Mumbai, Ludhiana, Delhi and Kolkata.

Colorant has an installed monthly production capacity of 500 tons. The company exports 20 per cent of its production to countries like Brazil, the Central American region, South Africa, Mauritius, Nigeria, Egypt, Iran, Turkey, Pakistan and Bangladesh, and also in small quantities to China. They are also vendors to state-owned National Handloom Development Corporation (NHDC).

Colorant is the recipient of several export awards and has won awards in the last eight years in a row in the SME category from the Gujarat Dyestuff Manufacturers Association (GDMA) and from the Dyestuff Manufacturers Association (India) for the last four years. It has also bagged two awards from Chemexcil, in the SME exports category.

www.colorantindia.com

 
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