Sudarshan Chemical to set up subsidiary in China

Sudarshan Chemical Industries Ltd, one of the leading manufacturers of colours and pigments in India, will set up a wholly owned subsidiary in China to strengthen its raw material sourcing capability. “The company will be incorporating its wholly owned subsidiary (WOS) in China basically for purchasing raw materials locally and selling the products of the parent company (Sudarshan Chemical). Further, this subsidiary will be in a position to keep stocks and do invoicing. This will also enable the company to service key customers,” said Sudarshan Chemical in BSE filing on December 18, 2015.
 
Sudarshan Chemical, owned by the Rathi group of companies, manufactures a range of products includes organic and inorganic pigments, mica-based effect pigments, chemical intermediates and pesticides at its two production plants at Roha and Mahad in Maharashtra. The company’s colour and effect pigment business is the flagship of the group, contributing 67 percent of Sudarshan’s turnover.