# 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.

- Type: Acquisition
- Announced: 2021-07-15
- Where: India
- Status: announced
- Products: Man Made Cellulosic Fibre (MMCF) knit fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Grasim Industries](https://endata.com/companies/9784.md) (partner)
- [Century Textiles and Industries](https://endata.com/companies/28787.md) (partner)

## Sources

- [business-standard.com](https://www.business-standard.com/article/news-cm/century-textiles-and-grasim-inds-form-jv-birla-advanced-knits-121071600310_1.html), 2021-07-16: "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."

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