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Modi Rubber Ltd Enters Into Agreement To Establish Joint Venture With Asahi Organic Chemicals Industry Co. Ltd.


Friday, 23 Nov 2012 12:21am EST 

Modi Rubber Ltd announced that it has entered into an agreement to establish a Joint Venture with Asahi Organic Chemicals Industry Co. Ltd., Japan for manufacture and sale of Resin coated Sand (RCS). The Details of the joint venture Company are as under:- Company Name - Asahi Modi Materials Private Limited; Company Headquarter - Gujarat, India; Capital - INR300 million; Stake Holding - Asahi Company- 51% and Modi Rubber- 49%; Business - Manufacture and sale of RCS (Resin Coated Sand); and Scheduled Start of operations - January 2014. 

Latest Developments for Modi Rubber Ltd

Company Quote

20.15
-0.95 -4.50%
11 Jul 2014