DyStar 2011 overview and 2012 commitments3 January 2012
DyStar, the textile and leather dyestuff and chemical specialists, have continued to move ahead of expectations in a tough market, gaining market share and substantially improving on last year’s earnings. All this has taken place in the face of falling market demand and rising cotton costs, as well as wider issues such as the tsunami in Japan in March, political unrest in the Middle East, floods in Thailand in November and ongoing economic instability across the US and Europe.
DyStar’s major restructuring will be finalised shortly and is already paying off. The group have successfully transferred production from Germany to China, India, Indonesia and Japan, and realigned their sales and distribution channel in China to achieved higher-than-expected returns in the first months of operation.
The group enjoyed a busy 2011. They launched and completed their first global sustainability reporting project, reinforcing a philosophy that has always existed in the company. Dystar have also opened a liaison office in Bangladesh and a global auxiliary competence centre in Thailand. They have also held a series of ecology and sustainability / best practice seminars in Bangladesh and India.
Through its Color Solutions division, the Group has introduced the Color Wallette, the smallest version of the CSI ColorWall. And Texanlab, its testing solutions arm, has achieved full CPSC accreditation including Lead, Phthalates and Flammability.
DyStar has also forged partnerships, teaming up with ANTA in China for the Sustainability in ANTA Supply Chain project; with Becatron AG and Lilienweiß GmbH on an online monitoring system for Indigo coloration.
It also partnered with two of the biggest clothing retailers in Europe to improve the performance of their suppliers in India. Color Solutions completed a partnership with Stylesight, a global online trend service, to expand the Stylesight colour library with access the CSI ColorWall. In addition, Color Solutions announced a partnership with Sun Chemicals to provide a Brand Color Standards program to ensure that brand colour consistency is maintained across all possible packaging substrates and presses across the world.