Managing Director & Head (Brand Performance Textile Specialties -India, Nepal, Sri Lanka), Archroma
How does Archroma work on colours?
Through our Color Atlas by Archroma, a library of 4,320 off-the-shelf colour standards, we serve the designers and studios of brands, retailers and textile manufacturers. Archroma works with partners such as Design Seeds and Fashion Snoops to offer them regular colour trend forecasts and inspirations for their collections. The forecasts and inspirations are available on our website.
What are the challenges facing the Indian processing industry? How can the government help?
The major challenge is maybe FTA. Tax changes have been implemented recently, but we are still not competitive enough against countries such as Bangladesh and Vietnam, and they are gearing up. Even Sri Lanka is attracting investors using levers such as low taxes, and this helps to grow faster in those areas as compared to India. Machinery investments are very high in these industries; so, lower taxation of machinery imports could be a good incentive.
What are the challenges that this sector faces on the global front?
There is a lot of pressure on the processing industries, globally and in countries like China, to reduce pollution, and produce garments and fabric in a more sustainable manner. This is where working with a partner like Archroma, reliable and committed to sustainability, makes a difference.
What is your USP in comparison to the other big players?
We challenge the status quo in the deep belief that we can make this industry more sustainable, and by that we mean both economically and environmentally. To achieve that we aligned our innovation and business strategy to support the industry in the transition to become a more responsible and sustainable value chain, with innovations and solutions that will bring added value to their products which their customers will profit from. It can be done, and everyone at Archroma is working towards this goal.
What has been your growth story and what are the factors affecting your performance?
We are executing ambitious growth plans, organically and through acquisitions. Since Archroma was formed in October 2013 from the textile, paper and emulsions businesses of Clariant, we have acquired the global textile chemicals business of BASF and a 75 per cent share of M Dohmen SA, an international group specialising in the production of textile dyes and chemicals for the automotive, carpet and apparel sectors.
What are your latest research findings?
We invest in innovation. We are looking for sustainable solutions to address the major problems of our industry, namely waste of resources, pollution and last not least end-consumer safety. The most recent and remarked outcome are the above mentioned Smartrepel or EarthColors by Archroma, which recently won the Gold Winner at the OutDoor Industry Award 2017 in the Sustainable innovations category.
What are the future plans at Archroma for textiles?
Our industry is going through a consolidation phase, with players being redefined, and we want to be in the driver's seat while this evolution takes place. Archroma aims to become the preferred supplier in all of the industries we serve. We clearly remain fully focused on our strategy to further grow organically and through acquisitions. HO
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