Nicca Chemical, Resil to Jointly Market Textile Chemicals

Japanese speciality chemical company Nicca Chemical Co Ltd (Japan) said they have signed a long-term, business alliance agreement with Resil Chemicals Pvt Ltd for joint development and marketing of products. The companies will look for growth opportunities in newer markets as well.

Resil will get exclusive rights for distribution of Nicca’s textile chemical products in India and Sri Lanka, while Nicca will get exclusive rights to sell Resil’s textile chemicals in Japan, Korea, Taiwan, China, Vietnam, Thailand, Indonesia and the United States. The two companies will also start joint product development and marketing activities for innovative textile chemical solutions.

“This business alliance will create a synergy effect for both of us,” said Yasumasa Emori, president of Nicca Chemical, while announcing the strategic alliance. 

“Resil is pleased and excited about the proposed alliance with Nicca Chemical for marketing each other’s products,” said M S Mohan, managing director of Resil Chemicals - the textile finishing and auxiliary chemicals company.

India is a leading textile market with a focus on cotton textiles. However, in recent years processing of synthetic textile products has been growing, and now India counts itself among the largest synthetic textiles markets in the world after China. NICCA Group has traditionally exported and sold textile processing chemicals on its own.

As per the medium-term management plan, Nicca aims to strengthen sales in Southwest Asia. Resil’s expertise and in-depth technical know-how will help Nicca accelerate business development in the region, the companies said.