Asha Dispersions PVT Ltd. of Mumbai, India, and Penn Color, Inc. of Doylestown, PA announce that a definite agreement has been reached for the formation of a joint venture. The joint venture, Asha Penn Color PVT, Ltd., with headquarters in Mumbai, India, will be operative in early 2007.
Asha Dispersions PVT Ltd., a member of the Asha Group, manufactures color chip dispersions for printing inks in India, with distribution channels in India, Europe, Southeast Asia, Middle East and Africa.
Penn Color Inc. is an international supplier of color dispersions and concentrates for the plastics, coatings and printing ink marketplace, with facilities in Europe and throughout the U.S.
B.B. Sen has been appointed managing director of the new joint venture company.