DyStar
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| Industry | Chemicals |
|---|---|
| Founded | 1995 |
| Headquarters | , Singapore |
Key people | Eric Hopmann |
| Products | Dyes, Inks & Pigments, Chemicals, Effects & Labels, and Textile Services |
| Revenue | approx. USD 1.000 million (in 2014) |
Number of employees | approx. 2.000[1] |
| Website | www |
DyStar is a provider of products and services for the textile, leather, paper, plastic and other chemical industries. The company combines the textile dye businesses of the former dye producers Bayer, Hoechst, BASF, ICI/Zeneca, Mitsubishi and Mitsui with the auxiliary activities of Boehme and Rotta.
DyStar has about 2,000 employees in more than 50 countries and runs 14 production facilities in 12 countries. Worldwide sales amounted to US$1.000 million in 2014.[citation needed]
History
[edit]DyStar was founded in 1995 as a joint venture from Bayer AG and Hoechst AG.[2] In 2000 the textile dyes business from BASF was integrated. In 2004 Platinum Equity acquired DyStar.[3][4] In February 2010 DyStar Group was acquired by Kiri Dyes and Chemicals (KDCL),[5] along with its subsidiaries with the support of its joint venture partner Longsheng Group, China. Currently, Senda International Capital Limited, a wholly owned subsidiary of Longsheng, is a majority shareholder of DyStar Group.
With acquisitions such as Rotta, Boehme Group, Lenmar Chemicals, Color Solutions International and TexanLab DyStar has been able to diversify and grow consistently.[6]
DyStar completed the acquisition of specialty chemical businesses from Emerald Performance Materials in 2016 to expand into the food & beverages and personal care sectors.[7]
In February 2019, DyStar opened a new testing facility in Dhaka, Bangladesh.[8][9]
In April 2023, DyStar closed a 125 years old indigo dye plant in Ludwigshafen, Germany.[10]
Sites
[edit]The company has sites or subsidiaries in all major textile markets and agencies in around 50 countries. DyStar has 14 production sites in 12 countries.[citation needed] The company has had rapid growth in China and hundreds of employees based there.[11]
Products
[edit]Core products of the company are dyes, auxiliaries and services for the textile and leather processing industries. Furthermore, the company provides toll manufacturing services[clarification needed] for various industries.
Energy efficiency
[edit]In 2014, the company has registered a 21.5 per cent decrease in its energy consumption as compared to its consumption levels in 2010.[12] The achievement means that the company has been successful in meeting the target of reducing its energy consumption by one-fifth five years ahead of the targeted time.[13] The company is aiming to achieve its target of reducing its production footprint by 30 per cent — against a 2011 base level — for every ton of production.[14]
References
[edit]- ^ [DyStar at a glance - Information on the web site of the firm]
- ^ Kaufmann, Lutz (2005). China Champions: How German Companies Can Successfully Integrate China Into Their Global Strategies. European Management Publications. pp. 104–105. ISBN 9783938877005.
- ^ Short, Patricia; Tullo, Alex (June 7, 2004). "Firms Sell off Dyes, Specialties (Private companies buy DyStar joint venture, Eastman's industrial resins)". Chemical & Engineering News. 82 (23). American Chemical Society. ISSN 0009-2347. Retrieved 6 May 2023.
- ^ "Platinum Equity Completes Acquisition of DyStar; Company is Premier Provider of Dyes and Services to the Fashion and Textile Industries". www.businesswire.com (Press release). 2004-08-06. Retrieved 2020-01-29.
- ^ "UPDATE 1-Kiri Dyes pays 50 mln euro for DyStar buy". Reuters. 2010-03-15. Retrieved 2020-01-29.
- ^ [History on the web site of the firm]
- ^ "Dystar Acquires Speciality Chemical Businesses". Alexander Stark. Process Worldwide. 13 May 2016.
- ^ Remington, Chris (21 February 2019). "DyStar unveils new Bangladesh testing facility". T.EVO News. Retrieved 2020-02-11.
- ^ Friedman, Arthur (2019-02-22). "DyStar Opens Texanlab In Bangladesh to Help Raise Standards". Sourcing Journal. Retrieved 2020-02-11.
- ^ Scott, Alex (April 27, 2023). "DyStar to close 125-year-old indigo plant in Germany". Chemical & Engineering News. 101 (14). American Chemical Society. ISSN 0009-2347. Retrieved 6 May 2023.
- ^ Textile Asia. Business Press. 2005.
- ^ Muthu, Subramanian Senthilkannan (2014-10-08). Roadmap to Sustainable Textiles and Clothing: Regulatory Aspects and Sustainability Standards of Textiles and the Clothing Supply Chain. Springer. ISBN 978-981-287-164-0.
- ^ Ariful Haq (9 September 2015). "DyStar reduces energy consumption compared five years ahead". BanglaApparel.com. Archived from the original on 4 March 2016. Retrieved 10 September 2015.
- ^ Glover, Simon (13 October 2021). "DyStar publishes latest sustainability report". Ecotextile News. Retrieved 2021-12-23.
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