The Hindu Business Line : Shreyas ties up with German Luvomax

Shreyas Intermediates Ltd, which manufactures CPC crude and other pigments used in dye and dye intermediates, has tied up with German Luvomax to add value to the latter’s rubber master batches by injecting blue colour into them.

Shreyas has received an order worth Rs 30 crore, adding about 30 per cent to its top line to start with.

With the folding up of Luvomax’s 200-tonne facility in France, the forward integration will provide an upside for Shreyas, which plans to expand its capacity in the coming year. With the value addition, Shreyas will see its PAT margins maintained at the current levels of 71 per cent, said Mr Dinesh Sharma, Managing Director of the company.

The company has recently completed its expansion of CPC crude production, taking its capacity to 36,000 tonnes. Shreyas is expected to soon emerge as the largest producer of CPC crude in the world, with a share of 25 per cent of the world capacity. The company plans to utilise 30 per cent of the expanded capacity in the coming year.

CPC (Copper Phthalocyanine Blue) is the raw material used for the manufacture of blue and green colour pigments. These are usually used in industries such as ink, textile, paint and plastic paper.

India and China are emerging as global hub for production of CPC crude in the international market with market share of 58 per cent and 28 per cent, respectively.

More Stories on : Alliances & Joint Ventures | Dyes & Pigments

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