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Colors
Products
Textile dyes, Textile chemicals, Pigments, Paper dyes, Inks, Others
Colors Business mainly comprises dyes for natural fibres such
as Vat, Sulphur Black and Reactive and in a small way high
performance pigments. The products are used by customers
belonging to Textile and Paint and Coatings industries. The
Business comprises about 550 products. Rudolf Atul Chemicals
Ltd, a JV company formed in 2011-12, provides a complete
range of textile chemicals in Indian market.
During 2013-14, sales increased by 29% from
`
330 cr to
`
426 cr. Sales in India increased by 24% from
`
187 cr to
`
231 cr. Sales outside of India increased by 36% from
`
143 cr
to
`
195 cr and formed 46% of the total. Increase on account
of volume was 6%. Sales from new products were
`
30 cr. The
Company completed 5 projects and undertook 4 projects for
implementation. It sold off its shareholding in M. Dohmen S.A.,
a JV company; the transaction was however completed on April
03, 2014. Rudolf Atul Chemicals increased sales by 51% from
`
21 cr to
`
31 cr, mainly because of volume growth.
World market for dyes and textile chemicals is estimated at
US$ 12 bn and is growing at about 2% and Indian market
is estimated at US$ 800 mn and is growing at about 3%.
China is the largest manufacturer of dyes followed by India.
World market for high performance pigments is estimated at
US$ 3.5 bn and is growing at about 4%.
The main user industry, namely, Textile, is showing signs
of recovery in India and abroad. Automobile industry
is growing well. The Company along with Rudolf Atul
Chemicals will participate in this growth by i) broadening its
market reach, ii) increasing its manufacturing and working
capital efficiencies and iii) introducing new dyes, pigments
and textile chemicals.
Fluctuations in foreign exchange may impact sales
realisations. Treatment costs are expected to remain high
given that the manufacture of dyes generates significant
pollutants.