Germany’s Gumasol Becomes Ruia Group Subsidiary
On August 1 the German tyre component manufacturer Gumasol-Werke Dr. Mayer GmbH & Co. KG became a subsidiary of India’s Ruia Group. The firm will continue operation at its site in the Rhineland-Palatinate town of Germersheim under the name Gumasol Rubber-Tec GmbH and all 110 jobs at the plant have been retained. Gumasol describes its acquisition by the Ruia Group as “a new chapter” for a company “rich in tradition”, and comments that the incorporation of a previously medium-sized firm into an international enterprise “offers very good perspectives for Gumasol-Werke.”