ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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AMAR DYE-CHEM-Towards Recovery

EPW Research Foundation AMAR DYE-CHEM Towards Recovery A 40YEAR OLD company, Amar Dye-C hem, which seemed to be coming back into the black since 1989-90 after reporting losses for six years in succession, plunged into the red once again in 1992-93, adding a hefty Rs 21 crore to its accumulated losses. The company has two factories at Kalyan in Maharashtra and Vapiin Gujarat where it manufactures synthetic organic dyestuffs/ pigments and dyes intermediates. While the company's sates were lower by 55 per cent over the previous year, operating profit fell by 177 per cent. Poor off take due to bad conditions in the user industry, competition from the un-organised sector, which is a major drawback for the industry and the rising interest burden seems to have affected the company's operations. While production of synthetic organic dyestuffs and pigments during the year was higher at 645.4 mt as compared to 616.6 mt in 1991-92. that of intermediates and chemicals fell drastically synthetic organic dyestuffs and pigments

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