Grindwell Norton Partners Japanese Firm To Manufacture Tap Hole Clay Refractory Products For Steel Industry
2018-11-09 Alliance and Joint Ventures Metallurgical Industries Western India
Grindwell Norton Limited has informed that the board of directors of the company at its meeting approved, subject to the conclusion and signing of definitive agreement(s), the establishment of a Limited Liability Partnership (LLP) entity in India with Shinagawa Refractories Co Limited, Japan to manufacture Tap hole clay refractory products for the steel industry. Grindwell Norton Limited will hold 49% and Shinagawa Refractories Co Limited, Japan will hold 51% in the LLP. The initial investment by the Company in the LLP will not exceed Rs 15 crore. Establishment of the LLP is subject to the conclusion and signing of the definitive agreement(s).