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Huntsman gets into strategic partnership with Jihua Group
28
Oct '16
(L-R) Mr Shao Bojin, Chairman of Jihua Group and Mr Rohit Aggarwal, President of Huntsman Textile
(L-R) Mr Shao Bojin, Chairman of Jihua Group and Mr Rohit Aggarwal, President of Huntsman Textile
Huntsman Textile Effects, the leading provider of high quality dyes and chemicals to the textile industries, a division of Huntsman Corporation, a publicly traded global manufacturer and marketer of differentiated chemicals, and the Zhejiang Jihua Group, a leading dyes and chemicals manufacturer in China, entered into a strategic partnership agreement.

Under the agreement, the two companies will cooperate in a wide range of areas to jointly capitalise on the growing need for dye and chemical solutions for China's textile sector. The partnership will help the two companies speed up their supply chains to react more quickly to customers' demand and increase cost efficiency for customers.

The forming of the strategic partnership marks a further step forward for the existing co-operation between the two companies. In August, Huntsman Textile Effects, a major innovator with more than 700 patents, announced it had granted a sole licence to Jihua for manufacturing, sales and marketing of Huntsman's patented reactive Super Black dyes in China. With the agreement, Huntsman and Jihua are now selling the Super Black products under their respective tradenames. In addition, Huntsman also awarded Jihua Group the right to sub-license its patented Super Black dyes in China.

The strategic alliance will help further strengthen the two companies' capabilities of serving their customers in China and speed up their expansion in the country while raising standards for the whole industry.

Rohit Aggarwal, president of Huntsman Textile Effects said, “The strategic alliance will allow us to create greater cost and operational efficiencies and we can react quicker and be more nimble to our customers in China. The alliance will also help to pave the way for us to enter into further discussions with Jihua Group to broaden our cooperation to include other reactive dyes and intermediates in the future.” (GK)

Fibre2Fashion News Desk – India


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