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Asahi Songwon Colors Ltd posts lower Q1FY22 consolidated PAT of Rs 4 55 crore

Asahi Songwon Colors Ltd posts lower Q1FY22 consolidated PAT of Rs 4 55 crore
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Asahi Songwon Colors flags off operations at ₹82-cr Dahej plant

December 14, 2020 Blue pigment player Asahi Songwon Colors Ltd has commenced commercial operations at its Dahej plant, which was set up under Asahi Tennants Color, a joint venture with Tennants Textile Colours Ltd (TTC) of the UK. Set up at the cost of ₹82 crore, the at Dahej in South Gujarat will make red and yellow pigments. The installed capacity of the AZO pigment plant is 2,400 tonnes per annum. Ahead of schedule Arjun Jaykrishna, Executive Director, Asahi Songwon Colors, commented on the development: “In spite of the Covid-19 pandemic, we have successfully commissioned the plant on December 14 four months before the original target date. We are going to work towards full capacity utilisation at the plant, and aim to double capacity by 2022.”

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