The Textile Effects division ofHuntsman Corporation and Jihua Group, a dyes and chemicals manufacturer in Zhejiang Province, China, today signed an agreement for a new strategic partnership. Under the agreement, the two companies will co-operate in a wide range of areas to jointly capitalise on the growing need for dye and chemical solutions for China’s textile sector. The companies commented that the partnership will help them both to speed up their supply chains and react more quickly to customers’ demand and increased cost efficiency for customers.
The forming of the strategic partnership marks a further step forward for the existing co-operation between the two companies. In August, Huntsman Textile Effects, which owns more than 700 patents, announced it had granted a sole licence to Jihua for the manufacturing, sales and marketing of Huntsman’s patented reactive Super Black dyes in China. With the agreement, Huntsman and Jihua are now selling the Super Black products under their respective trade names. In addition, Huntsman also awarded Jihua the right to sublicence its patented Super Black dyes in China.
The strategic alliance will aim to help further strengthen the two companies’ capabilities of serving their customers in China, and speed up their expansion in the country while raising standards for the whole industry. Investment in China’s textile industry grew 1.6 times year-on-year in the first six months of this year to RMB13.1bn, pointing to a marked expansion by textile manufacturers, according to China National Textile Apparel Council (CNTAC). This is also expected to result in growing need for chemical solutions.
“We are very pleased to have broadened our co-operation with Jihua Group into a strategic partnership,” said Rohit Aggarwal, president of Huntsman Textile Effects, at the signing ceremony. “This strategic alliance will allow us to create greater cost and operational efficiencies and we can react quicker and be more nimble to our customers in China. Huntsman is now even better positioned to capture the emerging mark opportunities in China. The alliance will also help to pave the way for us to enter into further discussions with Jihua Group to broaden our cooperation to include other reactive dyes and intermediates in the future.”
Shao Bojin, chairman of Jihua Group, added: “Jihua Group has emerged as one of the leading players in the domestic chemical industry in the past years. We are equally honoured to partner with such a global leader as Huntsman to pool and complement our resources and strength to jointly tap into the Chinese market, which promises huge opportunities.”
Huntsman Textile Effects recently used the ITMA Asia + CITME 2016 exhibition as a platform for the launch of a new line of digital textile reactivedye inks, formulated specifically for the increasingly important Fujifilm Samba print head.
The Novacron LV inks are the latest in a line of high-density (HD) inks with a higher dye content than earlier generations of digital textile ink. Sergio Prenna, the company’s global marketing manager for inkjet, said this was especially important in China, where customers expect the same depth of colour that they are used to seeing from analogue printing.
Huntsman is also experiencing success at the show with its Lanaset acid-dye inks, a result of the growing volume of polyamide-Lycra printing in south China. Huntsman Textile Effects has heavily invested in China, with a manufacturing plant in Panyu, Guangdong Province, two formulation distribution centres in Panyu and Hangzhou, Zhejiang Province, as well an R&D centre in Panyu. Jihua Group is one of the top 500 Chinese private companies and a market leader in China for the manufacture of dyes and intermediates with state-of-the-art facilities, according to Huntsman. Headquartered in Hangzhou, China, the company owns and operates an intermediate production facility in Jiangsu.