Asahi Songwon Colors Limited, a global leader in blue pigments, announced a 51:49 joint venture agreement with Tennants Textile Colours (TTC) Limited of the United Kingdom to set up a state of the art red and yellow pigments plant. Announcing the JV on Tuesday, Arjun Jaykrishna, executive director of Asahi Songwon Colors, said the plant will be located at Dahej, Gujarat, for which land has already been acquired. Production will start by March 2021, he said.