Heubach Colorants India Ltd

Heubach Colorants India Ltd

Colour-Chem (CCL) was incorporated in 1956 with technical and financial collaboration of Hoechst and Bayer AG and three Indian business groups -- the Ruias the Khataus and Ghias. In October 2000 50.1% equity stake of the company held by Hoechest AG Germany was transferred to EBITO Chemiebeteiligungen AG Switzerland a subsidiary of Clariant International AG Switzerland and subsequently EBITO acquired 20% stake of the company in 2005. Now EBITO holds 70.1% Equity stake of the company.Subsequently to the merger of the Speciality Chemicals Division of Hoechst AG with Clariant AG in 1997 CCL has become a part of the global Clariant group. CCL has subsidiaries Vanavil Dyes & Chemicals in Cuddalore Tamil Nadu and Kundalika Investments Ltd.CCL is a leading manufacturer and merchant exporter of pigments fine chemicals and leather chemicals and currently enjoys Trading House Status. The business structure of the Company now comprises of the following divisions :Life Science and Electronic Chemicals Pigments and Additives Textile Leather and Paper Chemicals Cellulose Ethers & Polymerisates Functional Chemicals.During 2000-2001 the Reserve Bank of India approved the disinvestment of Colour-Chem's holding of 24000 Equity Shares of face value of Rs. 100/- each in Haycolour Limited Sri Lanka to M/s. Hayleys Textile Services Limited Sri Lanka at par value. It has also introduced several new products both in leather chemicals and textile chemicals. As a part of acquiring various new technologies the company has acquired the technology for manufacture of diketen and the company is a dominant player in these industrial segments.In 2005 the company decided to amalgamate the companies namely Clariant (India) Ltd BTP India Pvt Ltd Vanavil Dyes and Chemicals Ltd and Kundalika Investments Ltd into the company with the swap ratio of 1 equity share of CCL for 1 equity share of Clariant India Ltd 1 equity share of CCL for 5 equity shares of BTP India Pvt Ltd and 1 equity share of CCL for 5 equity shares of Vanavil Dyes and Chemicals Ltd. Accordingly the Scheme of Amalgamtion Vanavil Dyes and Chemicals Ltd and Clariant India Ltd was amalgamated with the company in April 2006 in the above said ratio.During 2004-2005 the company expanded its installed capacity of Synthetic resins binder materials and auxillaries by 3000 MT. With this expansion the installed capacity of Synthetic resins binder materials and auxillaries increased to 19150 MT.