Varroc Group to build plants in Brazil and Morocco for EUR 63M

Varroc Group is setting up two new manufacturing plants in Brazil and Morocco at a total cost of EUR 63 million (about Rs 504 crore) to support Volkswagen and Renault-Nissan. The plants are expected to generate EUR 100 million in revenue within 3-4 years.

“We are putting up two more plants, in Brazil and Morocco to support VW and Renault-Nissan.”moneycontrol.com

• 1 source
• moneycontrol.comVarroc Group lines up Rs 900 crore for acquisitions & global expansionSwaraj BaggonkarJun 19, 2018

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