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Kiri Dyes celebrates Foundation stone ceremony for JV plant
06
Sep '08
Considering the robust demand of dyestuff in the international market both joint venture partners -Kiri Dyes and Chemicals Ltd (KDCL) and Well Prospering Ltd (WPL), group company of world largest dyes manufacturing Company-Zhejiang Longsheng Group Company Ltd has put a Foundation stone for setting up of worlds second largest dyes manufacturing facility at village Dudhwada near Vadodara with initial annual production capacity of 50000 metric tones and will be increased up to 60000 metric tones aruma! in due course.

Both JV partners have floated joint venture company-Lonsen Kiri Chemical Industries Ltd (LKCIL). This Greenfield unit is slated to be operational by April, 2009. We expecting topline of Rs. 400 Crores and boltomline of Rs. 35 to 40 crores of JV plant in first year of operation.

KDCL will provide key raw materials to Joint Venture Company from its existing intermediates facility based at Village Dudhwada, Nr. Vadodara.

We are confident of the successful joint venture investment as lonsen-kiri that we have done in India for which the first milestone has been accomplished today. We are expecting to significantly increase the market share globally by minimum 10% with exports from India. Our facility will be 100% export oriented unit having main focus to serve market outside India said by Mr. Zhifeng Xiang, Chairman of Lonsen Kiti Chemical Industries Ltd.

It is my pleasure to announce that at Lonsen-kiri, we are putting the best strengths of both the countries together in terms of product technology, economy of scale, modern engineering designs, latest effluent treatment measures, combined sales and marketing, etc. We are proud to build world's second largest dyestuff manufacturing facility in India said by Mr. Manish Kiti, Managing Director of Lonsen Kiri Chemical Industries Ltd.

Kiri Dyes and Chemicals Ltd was establish in year 1998 as a results of continues growth it now become two star export house and leading manufacturer & exporters of dyes and dyes intermediates from Gujarat.

Kiri Dyes and Chemicals Ltd

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