Asahi Songwon Colors has signed a Joint Venture Cum Shareholders Agreement with Tennants Textile Colours, London. The agreement is for setting up a manufacturing facility for AZO Pigments in India at Dahej, Bhrauch in Gujarat. Asahi Songwon Colors and Tennants Textile Colours will hold 51% and 49% stake, restrictively, in the proposed Joint Venture Company.
Asahi Songwon Colors is a leading player in the Indian Pigment industry. The company is in the manufacturing of CPC Beta Blue and Blue Crude, exporting substantial production to leading MNCs around the world on account of quality of its products.
