Fineotex Chemical Limited, Mumbai has entered into a strategic collaboration with Eurodye-CTC, Belgium, to commercialise specialty chemicals for the Indian market.
With this exclusive tie-up for the Indian region, Fineotex will add to its portfolio specialised pre-treatment and dyeing products for the cotton-synthetic and woollen fibre/fabric/yarn along with the existing Indian business operation of Eurodye-CTC with several well-known corporate accounts for their very specialised products.
Eurodye-CTC as a partner brings to the table cutting-edge and specialised insight from the European perspective, due to their extensive four-decade-long experience in research and development.
In a statement, Fineotex Chemical informed that this exclusive collaboration will facilitate an efficient production system and distribution network across the Indian textile market.
Additionally, the collaboration includes technology transfers apart from channelising Eurodye-CTC’s existing business through Fineotex, under this synergy. Eurodye-CTC, at its end, will capitalise on Fineotex’s special technical services for its existing customers too.
Arindam Choudhuri, CEO, Fineotex Chemical Limited, commented, “This partnership could not have come at a more crucial time as last week, the Indian Government approved the PLI scheme for the textile industry thus boosting the production of man-made textiles and technical textiles. Fineotex’s partnership with Eurodye-CTC will greatly benefit our textile customers. As the Indian textile industry gets ecologically sensitive and moves towards greener and sustainable chemistry, we are sure that the globally certified products of Eurodye-CTC will find a huge demand from Indian companies. We hope to take this partnership to other countries in the near future.
“We are excited to have a competent and formidable partner like Fineotex, which has strong distribution channels across India. The entire range of our products can perfectly blend into the sustainable textile value chain for India,” said Michel Leclerc, MD, Eurodye-CTC.
Fineotex Chemical Limited is a global leader of speciality chemicals with a market leader position in the international textiles industry.