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Supreme Industries executes JV agreements with Kumi Kasei, Kumi Supreme India

04 Apr 2018 Evaluate

Supreme Industries has executed Joint Venture (JV) agreements with Kumi Kasei and the Kumi Supreme India on April 4, 2018. The agreement is for acquisition of the Automotive Component manufacturing facility situated at Khushkhera in Rajasthan (Auto Comp Business).

The Auto Comp Business will be transferred for cash consideration of around Rs 108 crore. Further, the company will hold 20.67% of the share capital of Kumi Supreme India.

Supreme Industries manufactures products like Cross-Laminated Films, HMHD Films, Multilayer Films, SWR Piping Systems, PP Mats, moulded furniture, and many more.

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