Nicca Chemical Co Ltd (Japan) announced the signing of a Business Alliance Agreement for a long-term partnership with Resil Chemicals Pvt. Ltd. for joint development and marketing of products. The agreement has been signed by Yasumasa Emori, President of Nicca Chemical and MS Mohan, Managing Director of Resil Chemicals in a signing ceremony in Fukui, Japan. Announcing this strategic alliance opportunity, Yasumasa Emori, President of Nicca Chemical said, “It is Nicca’s great honour to make partnership with Resil Chemicals Private Limited. This will create Synergy Effect for both of us.”
“Resil is pleased and excited about the proposed alliance with Nicca Chemical Company Limited for marketing each other’s products,” MS Mohan, Managing Director of Resil Chemicals commented. 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, however in line with the policy of strengthening sales in the Southwest Asia region in the medium-term management plan, Nicca decided that collaborating with Resil, which has in-depth technical know-how, to accelerate business development is the most effective way forward.