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Colors product group mainly comprises dyes for natural fibres
such as Vat, Sulphur, Reactive and Direct and to a very small
extent those for synthetic fibres such as Acid and Disperse, used
by Textile industry and some by Paper. The group comprises of
about 400 products.
During the year, sales of the product group increased by 13%
to
`
325 crores. Export sales formed 44% of the total. The
Company formed partnership by investing 50% in M. Dohmen
S.A., a manufacturer of dyes for synthetic fibres, having
manufacturing facilities in Germany, Korea and Switzerland.
World market for dyes and auxiliary chemicals is estimated at
US$ 11 bn and is growing at about 2% and Indian market is
estimated at US$ 300 mn and is growing at about 3%. There
are few companies based in Europe and China which dominate
the world marketplace. China is the largest manufacturer of
dyes followed by India.
Colors
Products
Textile dyes, Pigments, Paper dyes, Others
The main user industry, namely, Textile, is growing well because
of the increasing population on the one hand and improving
standard of living on the other. The Company will participate
in this growth by i) debottlenecking capacities, ii) introducing
new dyes, pigments and textile chemicals, iii) significantly
improving efficiencies and iv) enhancing the presence in other
countries, particularly in South America. It will also form long-
term alliances with other companies.
Fluctuations in foreign exchange will impact sales realizations.
Given that manufacture of dyes generates pollutants, treatment
cost will remain high.
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