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Kiri ventures into new projects to expand its horizons
09
Apr '08
Kiri Dyes and Chemicals Ltd (KDCL), Ahmedabad based manufacturer and supplier of high quality dyes and intermediates in the dyestuff industry, has recently joined hands with Zhejiang Lonsen Group Co Ltd, dyestuff manufacturer of China, to set up a new production unit.

Mr Manish Kiri, Managing Director of Kiri Dyes, in an exclusive interview to Fibre2fashion asserted, “The joint venture has already been executed for which a new company has been registered under 'Lonsen-Kiri Chemical Industries Pvt Ltd', which has been incorporated in India.

The project would come up in Baroda, with initial investment of US $10 million. The firm will manufacture dyes as finished products, initially having output capacity of 20,000 metric ton per annum (MTPA) and extend it up to 50,000 MTPA later.

Further informing about another project Mr Manish divulged, “The construction work of new sulphuric acid and oleum project is going on in Baroda since November 2007, with a capital investment of nearly Rs42 crore in 50,000 square meter area. We plan to complete the project by end of this year.

The unit will produce sulphuric acid and it's derivatives with output capacity of nearly 1,80,000 tones per annum.”

Korea, Turkey, Taiwan and US are the major export markets of KDCL. With new collaborations, Kiri hopes to supply the raw material on a larger scale.

Fibre2fashion News Desk - India


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