Eurodye-CTC to transfer all its Indian business to Fineotex and collaborate for technology transfer too
Fineotex Chemical Limited has entered into a strategic collaboration with Eurodye-CTC, Belgium, to commercialize specialty chemicals for the Indian market. With this exclusive tie-up for the Indian region, Fineotex will add to its portfolio specialized pre-treatment and dyeing products for the cotton-synthetic and woolen fiber/fabric/yarn along with the existing Indian business operation of Eurodye-CTC with several well-known corporate accounts for their very specialized products.
Eurodye-CTC as a partner brings to the table cutting-edge and specialized insight from the European perspective, due to their deep four-decade-long experience in research and development.
Additionally, the collaboration includes technology transfers apart from channelizing Eurodye-CTC’s existing business through Fineotex, under this synergy. Eurodye-CTC, at its end, will capitalize on Fineotex’ special technical services for its existing customers too.
“Fineotex’ 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. Eurodye-CTC has REACH registration, Bluesign certification & GOTS 6 certification for a large selection of its product range. We hope to take this partnership to other countries in the near future,” said Arindam Choudhuri, CEO of Fineotex Chemical Limited.
“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, Managing Director, Eurodye-CTC.
Aarti Jhunjhunwala, Executive Director of Fineotex Chemical Limited, said, “It is with immense pride that we join hands with Eurodye-CTC. Fineotex and Eurodye-CTC complement each other, and our collaboration will ensure that textile companies can procure their entire range of products and services from a single source.”
Jhunjhunwala added, “Additionally, the textile industry has received a huge boost from the Indian government. Our collaboration with Eurodye-CTC will ensure that all our textile customers benefit from products that have green chemistries. Fineotex is committed to the cause of the planet and people and the cutting-edge research department of Eurodye-CTC is known to be mindful of the environment and ensures maximum conservation of earthly resources.”
Fineotex Chemical Limited is a global leader of speciality chemicals headquartered in Mumbai India. Fineotex is a leading speciality chemical producer with a market leader position in the international textiles industry.
The company has entered the next phase of growth by diversifying into growing home care and hygiene products, and drilling specialty chemical segments. On the basis of market capitalization as on March 2021, Fineotex ranks at 828 amongst companies listed on NSE.
The business is well-diversified across key international textile hubs such as Brazil, Germany, Turkey, Bangladesh, Indonesia, Malaysia, Thailand, USA and Vietnam. FCL’s objective is to leverage Fineotex and Biotex’s strengths to expand its market share across existing and new customers in both Indian and international markets.
Eurodye-CTC group is a world-renowned European brand for specialized textile auxiliary manufacturer with footprints in 60 countries. Eurodye-CTC offers a rich selection of products which meet international quality standards like REACH registration, GOTS, Bluesign, Green screen, which ensures that its formulations are free from any harmful ingredients.