Heubach Colour Pvt. Ltd, a part of the 600-year-old Heubach Group of companies, and Toyo Inc SC Holdings Company, a leading ink and pigment manufacturer since 1920, on Monday announced a joint venture to be set up at Ankleshwar in Gujarat to manufacture Azo pigments.
Heubach has a factory since 1995 in Ankleshwar, producing high performance organic pigments and pigment dispersions.
It is a technology based company manufacturing pigments for applications in the coating, plastic and ink segments. It is also one of the few pigment companies globally to be a supplier to the automotive paint manufacturer segment, according to a press release here.
Toyo had recently acquired land for setting up an ink manufacturing facility in Dahej, Gujarat.
The joint venture will bring about a synergy between the two companies and will be a key supplier to both the partners for their internal consumption and requirement of high-quality and cost-efficient products. It would also offer these products to their customers all across the world.
This is the first joint venture in India in the pigment field in recent times, said Ravi Kapoor, Managing Director, Heubach India.
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