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Asahi Songwon press release for JVA with TTC, UK

Capital Market 

Dated 22 October 2019

Asahi Songwon Colors Limited, Ahmedabad, a global leader in Blue Pigments, announced that the company has entered into a JVA with Tennants Textile Colours Limited (TTC) of UK for putting up a state-of-the-art Red & Yellow pigment plant. Arjun Jaykrishna, Executive Director of the Company said, "The plant will be located at Dahej, Gujarat for which land has already been procured. Production should start by March 2021." Asahi will hold 51% shareholding and TTC will hold 49% shareholding in the JVC, said to be known as Asahi Tennants Colors Pvt. Ltd.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 22 2019. 14:37 IST
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