Pigment manufacturer SCIL set to expand global footprint
Sudarshan Chemical Industries (SCIL) is expanding its international footprint as part of its growth strategy, with an aim to strengthen its position in the global pigment industry, managing director Rajesh Rathi told ET.
«Europe and Americas are going to be our areas where we would like to grow more,» Rathi said.
«If you look at legacy of Sudarshan, our largest market was India, but as now our largest market would be Europe,» Rathi added.
SCIL is a global colour and effect pigment manufacturer specialising in coatings, plastics, ink and cosmetics. It exports to over 80 countries.
As part of its inorganic growth strategy and to expand access to global market, the company has acquired Germany's Heubach Group for ₹127.5 million (₹1,160 crore). On Monday, the company said it completed the acquisition.
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