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Grasim and Maschinenfabrik Reinhausen form joint venture for insulators · Endata

◂ Announcements

Oct 22, 2019ACQUISITIONHalol, Gujarat, India

Grasim and Maschinenfabrik Reinhausen form joint venture for insulators

Grasim Industries signed a definitive agreement to form a joint venture with Maschinenfabrik Reinhausen GmbH to manufacture Composite Hollow Core Insulators at a new plant in Halol, Gujarat, India, with an investment of ₹100 crore.

Value

$14.0M (1.00B INR)

Status

Announced

ProductsComposite Hollow Core Insulators

CompaniesGrasim Industries partner Maschinenfabrik Reinhausen partner

Sectors#Electrical Equipment

“Grasim Industries Limited (Grasim) has signed a definitive agreement to form a joint venture company (JVC) in India with Maschinenfabrik Reinhausen GmbH (MR) of Germany for manufacture and sale of Composite Hollow Core Insulators.”thehindu.com

1 source
thehindu.comGrasim to form JV with German company to produce insulators - The HinduSpecial CorrespondentOct 22, 2019

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

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