Oriental Veneer Products acquires entire equity share capital of OFPL

17 Mar 2017

Oriental Veneer Products has acquired the entire equity share capital of Oriental Foundry (OFPL), making it a wholly owned Subsidiary of the Company with effect from March 17, 2017. The acquisition of equity shares of OFPL is expected to improve business and operational synergies.

Oriental Veneer Products is a public limited company and promoted by the Mithiborwala group. The group is actively involved and engaged in the manufacture of wood based resin impregnated densified laminated boards (Compreg) for over 30 years now.

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