Tennants Textile Colours (TTC) in Belfast has joined hands with Ahmedabad-based Asahi Songwon Colors for the construction and operation of a Pigment Synthesis Plant to manufacture a range of azo pigments. The two have signed a Joint Venture Agreement in this connection. The Plant will be located in Dahej, India for which a site has already been procured.
It is expected that production of azo pigments will commence on the site in 2021.Tennants Textile Colours (TTC) in Belfast has joined hands with Ahmedabad-based Asahi Songwon Colors for the construction and operation of a Pigment Synthesis Plant to manufacture a range of azo pigments. The two have signed a Joint Venture Agreement in this connection. The Plant will be located in Dahej, India for which a site has already been procured.#
The joint venture enables TTC to expand its supply chain for pigments. Until recent years TTC manufactured a wide range of azo pigments in Belfast. Over the years this business has declined due to competitive pressures from India and China and this JV provides an opportunity for TTC to continue to utilise its technology, particularly in the manufacture of high purity pigments which are increasingly required in today’s high regulatory environment.
The JV will provide TTC with increased ability to control the quality and regulatory compliance of its pigment dispersions. TTC manufactures pigment dispersions for a wide range of applications including textile printing, paint and coatings, paper and packaging, and ink. TTC’s water-based dispersions are all APEO free, VOC free and formaldehyde free and it has products complying to a wide range of regulatory standards including Oeko-Tex, GOTS, Eco-Label, Toy Regulations (EN71.3 / EN71.7), Food Contact BfR 36 and FDA, Bluesign and Inditex.
Tim Glenn, managing director of TTC, said, “This is a great opportunity for TTC to continue its involvement in the manufacture of azo pigments, we have worked with Asahi Songwon for a number of years and have always found their products to be of the highest standard and their business practices to be impeccable. We are delighted to have secured such a credible partner. For TTC we already supply a world class range of dispersions and this JV can only help further improve the quality and regulatory compliance of our products for our customers.”
Arjun Jaykrishna, executive director of Asahi Songwon Colors, said, “We are delighted to be partnering TTC as they have a fantastic reputation and history. This JV gives Asahi the perfect launching pad to widen their presence as a leading global supplier of pigments. With TTC’s technology and Asahi’s manufacturing efficiencies Asahi Tennants Color Pvt Ltd is set to make a mark in the Azo pigment space.”
Fibre2Fashion News Desk (SV)
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