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Century Textiles and Grasim form JV Birla Advanced Knits · Endata

◂ Announcements

Jul 15, 2021ACQUISITIONIndia

Century Textiles and Grasim form JV Birla Advanced Knits

Century Textiles & Industries and Grasim Industries incorporated a joint venture company, Birla Advanced Knits, on 14 July 2021 to manufacture Man Made Cellulosic Fibre (MMCF) knit fabrics. Each party will hold 50% equity.

Status

Announced

ProductsMan Made Cellulosic Fibre (MMCF) knit fabrics

CompaniesGrasim Industries partner Century Textiles and Industries partner

Sectors#Industrial Textiles

“Century Textiles & Industries has incorporated a Joint Venture Company namely, 'BIRLA ADVANCED KNITS' on 14 July 2021 to foray into manufacturing of Man Made Cellulosic Fibre (MMCF) Knit Fabrics in partnership with Grasim Industries.”business-standard.com

1 source
business-standard.comCentury Textiles and Grasim Inds form JV 'Birla Advanced Knits'Business StandardJul 16, 2021

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

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