Vivid Chemicals (VCL) is engaged in the manufacture of tobias
acid, a dye and pigment intermediate, and a naphthalene derivative used as a
component to manufacture derivatives of value-added products such as sulpho
tobias acid, J-acid and N methyl J-acid which in turn are used as intermediates
for direct and reactive dyes. The company is promoted by Sudhir M Mody who has
over 20 years of exposure to the business of dyes, dye intermediates and
chemicals.
It is the only
manufacturer of tobias acid in the organised sector. The company has a plant to
manufacture hydrochloric acid which was set up in 1973. Vivid
Global Industries had initially
set up a project to manufacture beta naphthol (BN) in 1987 at Tarapur,
Maharashtra. But it faced problems, as the prices of its main raw material,
naphthalene, increased. As the unfavourable movement in the prices of the major
raw material affected VCL's performance, the company modified its facilities in
1992 so as to produce tobias acid instead of beta naphthol.
The Share
Price company had entered the
capital market to part-finance an increase in the tobias acid capacity from 720
tpa to 960 tpa. The company also has facilities to manufacture phenyl J-acid,
acetyl J-acid and rhoduline acid. While these are used in the dyestuff
industry, sulpho tobias acid is also used in the electronics industry for
coating IC circuit boards.
The company
exports 40% of its products to Japan, Taiwan, Thailand, Europe, Indonesia and
the US.
No comments:
Post a Comment