News: Global pigments major Heubach GmbH has filed an application for the opening of regular insolvency proceedings over its assets with the competent insolvency court in Braunschweig, Germany. The court is expected to appoint an insolvency administrator to examine the possibility of continuing business operations and possible options for restructuring and/or selling the business in due course.
Views: Sudarshan is the third largest pigment player in the world after DIC and Heubach. Insolvency proceedings for Heubach and its possible outcome may provide incremental opportunities for Sudarshan in the global markets. The company has sufficient capacities to cater to incremental international demand.
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