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Colors
Product Groups: Textile dyes, Textile chemicals, Pigments, Paper dyes, Inks, Others
The products falling under these product groups are used by customers
belonging to Textile, Paint and Coatings and Paper industries. The
product groups comprise about 38 products. Green 1, P Red 168 and
Sulphur Black are some of the key products.
During 2014-15, sales increased by 21% from
`
426 cr to
`
515 cr.
Sales in India increased by 8% from
`
231 cr to
`
250 cr. Sales outside
India increased by 36% from
`
195 cr to
`
265 cr and formed 51%
of the total. Growth on account of volume was 8%. The Company
completed 3 projects and undertook 2 projects for implementation.
Rudolf Atul Chemicals Ltd (RACL), a joint venture company formed
in 2011-12, provides a complete range of textile chemicals in Indian
market; it increased sales by 39% from
`
31 cr to
`
43 cr, primarily
because of volume.
The size of world Dyestuff industry is estimated at US$ 6 b and is
growing at about 3.5%. China is the largest manufacturer of dyes
followed by India. World market for high performance pigments is
estimated at US$ 4.3 b and is growing at about 2.7%.
The main user industries, namely, Paint and Coatings and Textile,
will continue to grow because of increase in discretionary spending.
The Company along with RACL will participate in this growth by
i) broadening its market reach in new geographies, ii) increasing its
manufacturing and working capital efficiencies and iii) introducing
new dyes, pigments and products for non-textile applications.
Fluctuations in foreign exchange and availability of raw materials
may impact sales realisations. Treatment costs are expected to remain
high given that the manufacture of dyes and pigments generates
significant pollutants.