Camex Ltd. Signs agreement with Tianjin Yadong Longxin International, China
India: Camex Limited, a Gujarat based dye manufacturer
signed a memorandum of understanding with Chinese dye manufacturer, that is,
Tianjin Yadong Longxin International Limited for marketing and selling wide range
of basic dye intermediates in India. The range of basic dye intermediated
include H.acid, Tobias acid, Sulfo Tobias acid and J.acid, etc. The dye
intermediates manufactured by Tianjin are primarily used for wool, leather,
printing ink, silk and dyestuff manufacturing. The widespread network of Camex
Limited utilized for marketing of foreign brand is expected to aid the company
in improving revenues.
TechSci Research depicts that the association, which
is a part of new foreign investments in the India textile industry, would drive
the industry apropos revenue and global expansion. In addition to textile
processing, such associations are expected to increase demand for low priced
textile chemicals.
According to published report by TechSci Research on “India Textile
Chemicals Market Forecast and Opportunities, 2019”, the
market is expected to grow at significant pace through 2019. In addition to increase
in textile production capacity across the country, the demand for innovative
textile products like technical textiles is one of the chief factors driving growth in India textile
chemicals.