Ruia PCR Plant JV Discussions “Very Advanced”
India’s Ruia Group has stated it is at a “very advanced” stage of discussion regarding a proposed joint venture with an international partner to build a passenger car radial factory. This information appears to confirm news published by the Calcutta Telegraph last November; the Indian newspaper reported that the Ruia Group was engaged in talks with Sumitomo regarding the construction of such a factory.
This new plant will be built with a Rs 5 billion (₤478.8 million) investment and will produce passenger car tyres under the Dunlop brand. The Ruia Group holds the rights to manufacture Dunlop brand tyres in India while Sumitomo owns the Dunlop tyre brand license for a number of Asian countries, therefore collaboration between the two companies is a logical one and for Sumitomo opens the door to a large and growing market while providing Ruia with the Japanese firm’s technical expertise. Ruia Group chairman Pawan K Ruia has stated, however, that “it has not yet been decided” which companies will become a part of this venture.
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