Sharp fall in sales & profits at Precheza
- Publisher
- Elsevier Science
- Year
- 2002
- Weight
- 32 KB
- Volume
- 2002
- Category
- Article
- ISSN
- 0969-6210
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✦ Synopsis
With effect from early 2001, Heubach Colour took over responsibility for supplying organic pigments to customers formerly catered for by Avecia's plant at Grangemouth (Scotland). The products involved were mainly phthalo blue pigments and the agreement between Heubach and Avecia (formerly Zeneca Specialities) provided a platform for Avecia to close the Grangemouth plant, while Heubach doubled its own capacity at Ankleshwar (Gujarat province, India). Capacity at Ankleshwar is now 10,000 tonnes/y. (See also 'Focus on Pigments '. Jun 2001, 4). Now Avecia has decided to sever all links with the pigments industry and Heubach has agreed to buy all Avecia's remaining assets in this field. The value of the transaction has not yet been revealed.