Krypton Industries Forms Joint Venture With Modernzege Leather Products
Krypton Industries Limited has informed that the board of directors of the company at its meeting has proposed to do a Joint Venture to manufacture footwear & footwear components, with Modernzege Leather Products PLC, an Ethiopian Company situated at Addis Ababa Ethiopia is engaged in manufacturing, sale and distribution of Leather products in Ethiopia and outside Ethiopia.
Further, the Company proposed to form a Private Company for the purpose of manufacturing, marketing, distributing and exporting footwear and related products. The expected initial investment will be of approx. USD 160,000.00 or Rs. 10 Million.