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BRFL and DyStar agree on a strategic co-operation
01 Aug '09
2 min read
DyStar, a leading supplier of dyes, auxiliaries and services to the textile industry and Bombay Rayon Fashion Limited (BRFL), one of India's largest apparel and fabric manufacturer have signed a co-operation agreement to be exclusive partners in the field of dyeing and printing for the plants of BRFL in Maharashtra and Karnataka.
BRFL is India's largest shirt manufacturer with an annual net sale of INR 13.4 billion and consolidated net profit of INR 1.37bn (US$ 28.6m). BRFL has fabric processing capacity of 150,000 meters and garment capacity of 100,000 per day in the State of Karnataka with an employee strength 30,000 in its various units in Maharashtra and Karnataka. The Company has chosen to undertake major expansion in its capacities by setting up Greenfield Units for yarn dyeing, weaving, processing and garmenting in the state of Maharashtra.
Mr. Prashant Agarwal, Managing Director of BRFL, is upbeat about the agreement: „DyStar has offered us outstanding technical support in setting up our dyeing and printing processes. With this agreement, we will have a reliable partner with an international reach, a wide product and service portfolio to meet requirements of our global customer base.“
Mr. Rajesh Balakrishnan, Managing Director of DyStar India Private Limited stresses the importance of this partnership “BRFL's long term vision, awareness towards quality and ecological requirements go hand in hand with our commitment to provide complete textile solutions to our most valued customers. This agreement is an important milestone and we are extremely excited about it”.
DyStar is owned by Los Angeles-based investment firm, Platinum Equity and is the global market leader in textile dyes and has steadily expanded its offering for the textile industry.
In 2002 it acquired Color Solutions, the leading supplier of color standards for the textile industry, and now offers the most extensive and best-established color communication system on the market. Following the acquisition of Rotta in 2005, Boehme in 2006 and Texanlab in 2007, DyStar now supplies a full range of textile auxiliaries as well as textile dyes and services.
BRFL is India's largest shirt manufacturer with an annual net sale of INR 13.4 billion and consolidated net profit of INR 1.37bn (US$ 28.6m). BRFL has fabric processing capacity of 150,000 meters and garment capacity of 100,000 per day in the State of Karnataka with an employee strength 30,000 in its various units in Maharashtra and Karnataka. The Company has chosen to undertake major expansion in its capacities by setting up Greenfield Units for yarn dyeing, weaving, processing and garmenting in the state of Maharashtra.
Mr. Prashant Agarwal, Managing Director of BRFL, is upbeat about the agreement: „DyStar has offered us outstanding technical support in setting up our dyeing and printing processes. With this agreement, we will have a reliable partner with an international reach, a wide product and service portfolio to meet requirements of our global customer base.“
Mr. Rajesh Balakrishnan, Managing Director of DyStar India Private Limited stresses the importance of this partnership “BRFL's long term vision, awareness towards quality and ecological requirements go hand in hand with our commitment to provide complete textile solutions to our most valued customers. This agreement is an important milestone and we are extremely excited about it”.
DyStar is owned by Los Angeles-based investment firm, Platinum Equity and is the global market leader in textile dyes and has steadily expanded its offering for the textile industry.
In 2002 it acquired Color Solutions, the leading supplier of color standards for the textile industry, and now offers the most extensive and best-established color communication system on the market. Following the acquisition of Rotta in 2005, Boehme in 2006 and Texanlab in 2007, DyStar now supplies a full range of textile auxiliaries as well as textile dyes and services.
DyStar Textilfarben GmbH & Co. Deutschland KG
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