SUMITOMO, SEARLE IN JV TALKS TO MAKE ALLETHRINS
Article Abstract:
Sumitomo of Japan is negotiating with Searle India of the RPG group to set up a joint venture to manufacture household insecticide chemicals. Sumitomo is to hold a 51 percent stake in the venture while Searle will hold the rest. It is being planned to set up a facility at Panoli in Gujarat, near the existing Searle facility. The venture is expected to manufacture allethrins, which along with its derivatives, are used in the manufacture of mosquito repellent mats. Sources say that the joint venture may import intermediates for producing allethrins in phase one of its operations. (khr)
Comment:
Sumitomo of Japan is negotiating with Searle India of the RPG group to set up a joint venture to manufacture household insecticide chemicals.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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BHEL IN TALKS WITH US Cos FOR JV IN GAS TURBINE SECTOR
Article Abstract:
Bharat Heavy Electricals Ltd (BHEL) is planning to float a joint venture in the gas turbine sector. It is negotiating with US firms to manufacture critical items in the sector. These products include combustion liners, buckets and nozzles. It is setting up a Rs40 crore plant at Parwada Industrial Development Area (PIDA) near Visakhapatnam. The facility is provided with an assembly plant and two 175-tonnes cranes. It is also investing Rs60 crore for installing machining facility at its unit in Ramachandrapuram near Hyderabad. (gs)(m)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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