Pigments: Toyo Ink and Yabang to set up a joint venture
Monday, 16 April 2012
With the joint venture, Toyo Ink and Yabang aim for a sales volume of 10,000 tons of organic pigments in 2016.
Toyo Ink SC Holdings Co., Ltd. and Yabang Investment Holding Group Co., Ltd. are setting up the joint venture in Jiangsu Province, China to strengthen sales of pigments in China and overseas. By means of the business alliance between the two companies, the partners will supply organic pigment products to a broad range of customers on the domestic market in China and overseas. Continuous growth is expected for the pigment markets in both China and India in the future, and the range of chemicals that make up the raw materials will also be concentrating both on China and India. At first, the focus of the business will be to sell the existing pigment products of the two companies. At the same time, the joint venture will strengthen the technical alliance between the two Groups. The companies aim for a sales volume of 10,000 tons of organic pigments in 2016.