DyStar
| DyStar
|
|
|---|---|
 |
|
| legal form | Pte Ltd. |
| founding | 1995 |
| Seat | Singapore |
| management |
|
| Number of employees | 2,000 |
| sales | 1,000 million dollars |
| Website | www.dystar.com |
DyStar is a global supplier of dyes, chemicals and services for the textile and leather industry , headquartered in Singapore . In recent years, the range of products and services has been expanded to include other industries (paper, plastics and other areas of application for specialty chemicals).
history
The company was formed in 1995 as a joint venture of Bayer AG and Hoechst AG . In 2000, BASF's textile dyes business was also integrated. Earlier acquisitions and joint ventures by the parent companies also made the textile dye businesses of Mitsubishi , Mitsui and Zeneca (formerly ICI ) part of the DyStar Group.
In 2004, the three chemical companies sold their shares to the American private equity investor Platinum Equity . In the following years there were several small acquisitions , especially in the area of textile auxiliaries (e.g. Böhme Chemie ).
The German companies of DyStar (DyStar Textilfarben GmbH & Co. Deutschland KG, DyStar Textilfarben GmbH and DyStar Holding GmbH) filed for insolvency proceedings on September 28, 2009 at the Frankfurt District Court , which opened on December 1, 2009. On December 11th, 2009 the acquisition of the DyStar business by the Indian dye and chemical producer Kiri Industries Ltd. announced. With financial support from the Chinese Zhejiang Longsheng Group (Lonsen), the newly founded companies DyStar Colors Deutschland GmbH and DyStar Colors Distribution GmbH were able to acquire essential assets ( trademark rights , patents , software , technical systems and machines, subsidiaries , receivables ) of the two insolvent DyStar Companies to start operations on February 4, 2010. The new owners pursued the strategy of increasingly relocating production to Asian locations in India and China and largely discontinuing production at the German locations. The dye factories at the Leverkusen site were closed in the following years and the production facility in Brunsbüttel was sold to Chemie GmbH Bitterfeld Wolfen (CBW) in November 2010. Until the final closure of the Brunsbüttel paint company in March 2015, it continued to operate as Chemische Fabrik Brunsbüttel GmbH (CFB).
In May 2011, Lonsen took over the majority stake and thus control of the DyStar Group by converting its convertible bonds into company shares.
Locations
The company's headquarters are in Singapore. Subsidiaries exist in all major markets and the company has its own agencies in around 50 countries. DyStar operates 17 production facilities in 12 countries. In Germany, the main location is in Raunheim and two other locations in Cologne and Ludwigshafen am Rhein .
Products
The company's main products are dyes (such as reactive dyes and indigo ), auxiliaries and services for the textile and leather processing industries.
Individual evidence
- ↑ Senior Management DyStar , accessed May 15, 2019
- ↑ About DyStar Group , accessed October 30, 2018
- ↑ Decision of the Commission of 21/12/1994 on the compatibility of a merger with the common market (Case IV / M.534 - Bayer AG / Hoechst AG - JV Textile Dyestuffs) in accordance with Council Regulation (EEC) No. 4064/89 , accessed on October 30, 2018
- ^ Christian Kleinschmidt: The productive view - perception of American and Japanese management and production methods by German entrepreneurs 1950-1985 . Akademie Verlag, Berlin 2002, ISBN 3-05-003657-5 ( limited preview in the Google book search).
- ↑ Max Eli: Business success in Japan: How German companies seize the opportunities ... Betriebswirtschaftlicher Verlag Dr. Th. Gabler / GWV Fachverlage GmbH, Wiesbaden 2004, ISBN 978-3-322-84550-4 ( limited preview in the Google book search).
- ↑ BASF Annual Report 1996 , p. 6, accessed October 30, 2018
- ^ DyStar - Our History , accessed October 30, 2018
- ↑ faz.net: Frankfurt textile dye manufacturer Dystar files for insolvency , September 29, 2009, accessed on December 12, 2012.
- ↑ Homepage Kiri Industries Ltd. - About Us , accessed October 30, 2018
- ↑ faz.net: Purchase contract signed: Textile dye manufacturer Dystar goes to Inder Kiri , December 10, 2009, accessed on December 12, 2012.
- ↑ Homepage Zhejiang Longsheng Group Co., Ltd. （Lonsen） - About Us , accessed October 30, 2018
- ↑ DyStar Colors Distribution GmbH (formerly: Platin 513. GmbH) - Annual financial statements as of December 31, 2010 and management report, available in the company register
- ↑ Frankfurter Allgemeine Zeitung: Indian company buys Dystar - Kiri takes over four locations / 300 jobs are lost , February 5, 2010 (subject to a charge).
- ↑ NDR.de: Out for paint factory CFB in Brunsbüttel ( Memento from April 5, 2015 in the Internet Archive )
- ↑ Competition Authority Sanctioned Zheeijang Lonsheng Group Co Ltd To An Administrative Fine Due To Realization Of An Acquisition Without Obtaining The Necessary Authorization ( Memento of November 17, 2015 in the Internet Archive )
- ↑ Sustainability Performance Report 2017-2018 , p. 7, accessed on October 30, 2018
- ^ FAZ: DyStar moves from Frankfurt to Raunheim . October 10, 2012.