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| Exchange Disseminated Time | Modi Rubber Ltd has informed BSE that the Company (Modi Rubber Ltd.) has entered into an agreement to establish a Joint Venture with Asahi Organic Chemicals Industry Co. Ltd., Japan for manufacture and sale of Resin coated Sand (RCS).
The Details of the joint venture Company are as under:-
Company Name - Asahi Modi Materials Private Limited
Company Headquarter - Gujarat, India
Capital - Indian Rupee 300 million
Stake Holding - Asahi Company- 51% Modi Rubber- 49%
Business - Manufacture and sale of RCS (Resin Coated Sand)
Scheduled Start of operations - January 2014. |
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