Heubach Colorants India Ltd, formerly known as Clariant Chemicals India Ltd, is an Indian specialty chemicals manufacturing company, headquartered in Navi Mumbai.[2] It is engaged in the manufacture of specialty chemicals for domestic and industrial use. It manufactures and markets pigments, pigment preparations and dyes for textiles, leather, paints, plastic, printing, personal care and agrochemicals sectors in India and international markets.[3]
| Formerly |
|
|---|---|
| Company type | Public |
| BSE: 506390 NSE: HEUBACHIND | |
| Industry | Speciality chemicals |
| Founded | 1956 |
| Headquarters | , India |
| Products | Pigments, Textile Chemicals & Leather Chemicals[1] |
| Parent | Heubach Group |
History
editIn 1956, the company was incorporated as Colour-Chem Ltd with technical and financial collaboration from Hoechst and Bayer. It was founded by three Indian business groups: the Ruias, the Khataus, and Ghias.[4][2]
In 1997, Hoechst's specialty chemicals division merged with Clariant, as a result of which Hoechst's 50.1% controlling stake in Colour-Chem Ltd was transferred to Clariant.[3][5] Clariant increased its stake in the company to 70.1% following an open offer in 2003.[6] In 2005, Clariant announced the merger of four group companies into Colour-Chem Ltd, and Colour-Chem Ltd was renamed as Clariant Chemicals India Ltd in 2006.[7][8][2]
In 2022, Clariant Chemicals India Ltd was renamed to Heubach Colorants India Ltd, after Clariant sold its pigments business to Heubach Group and SK Capital Partners.[9][10]
References
edit- ^ "CLARICHEM History | Clariant Chemicals (India) Ltd Company History & Profile". Economic Times. Retrieved 23 December 2010.
- ^ a b c "Heubach Colorants India Ltd". Moneycontrol. Retrieved 10 May 2024.
- ^ a b "Heubach Colorants India Ltd". Business Standard. Retrieved 10 May 2024.
- ^ "CLARIANT CHEMICALS (INDIA) LTD". HDFC Securities. Archived from the original on 11 July 2011. Retrieved 23 December 2010.
- ^ "Clariant India, Colour-Chem Call Off Merger". Business Standard. Retrieved 10 May 2024.
- ^ "Clariant arm makes open offer for Colour Chem". Rediff. Retrieved 10 May 2024.
- ^ "Clariant to merge all grp companies". The Economic Times. 13 December 2005. Retrieved 10 May 2024.
- ^ "Clariant sets swap ratio for quartet". The Telegraph India. Retrieved 10 May 2024.
- ^ "Clariant Chemicals India to change name to Heubach Colorants India". India Infoline. Retrieved 10 May 2024.
- ^ "Clariant Sells Pigments Unit to Heubach, SK Capital Partners". Bloomberg. Retrieved 10 May 2024.