Mumbai, Feb 3 (PTI) Chemical and manufacturingsolutions provider Atul Ltd, part of USD 1.5 billion LalbhaiGroup, today announced it has formed a 50:50 joint venturewith Swiss company M Dohmen.
The JV will enable Atul to offer solutions to itscustomers in automotive, wool, polyamide, dyes and textile inIndia and markets not reached by Dohmen. The Swiss firm willservice with sulphur, reactive and other dyes manufactured byAtul''s colours division, a company release said here.
"The alliance would help both players significantlyincrease synthesis and research capability. It is expected tosubstantially strengthen the competitive advantage of bothcompanies and significantly enhance their customer focus,relationships and servicing," it said.
With current sales of USD 350 million, Atul servesacross the sectors such as aerospace, agriculture,construction, flavours and fragrances, paint and coatings,paper, pharmaceuticals and textiles.
In 1952, Atul became the first Indian company to havemanufactured synthetic dyestuffs on a large-scale basis. PTIPP APRSY