Grasim and Maschinenfabrik Reinhausen form JV for composite insulator plant in India

Grasim Industries and Maschinenfabrik Reinhausen GmbH signed a definitive agreement to form a joint venture company, Aditya Birla Power Composites Limited, to manufacture composite hollow core insulators. The JV will set up a plant at Halol, Gujarat, India.

“This joint venture brings together Aditya Birla Insulators (a unit of Grasim), the 3rd largest global Porcelain Insulator player and Reinhausen Power Composites (a Unit of MR), the 2nd largest Hollow Composite Insulator player globally”adityabirla.com

• 2 sources
• adityabirla.comGrasim Forms JVC - Aditya Birla Power Composites LtdGrasim Industries LimitedOct 22, 2019
• reinhausen.comMaschinenfabrik Reinhausen and Grasim will form JVC Aditya Birla Power Composites Limited: ReinhausenNov 25, 2019

Summarized from public sources; check the original articles before acting on it.