# 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.

- Type: Acquisition
- Announced: 2019-10-22
- Where: Halol, Gujarat, India
- Value: $14.0M (1.00B INR)
- Status: announced
- Products: Composite Hollow Core Insulators
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Grasim Industries](https://endata.com/companies/9784.md) (partner)
- [Maschinenfabrik Reinhausen](https://endata.com/companies/11238.md) (partner)

## Sources

- [thehindu.com](https://www.thehindu.com/business/Industry/grasim-to-form-jv-with-german-company-to-produce-insulators/article29771006.ece), 2019-10-22: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.