Grasim Industries has signed a definitive agreement with Maschinenfabrik Reinhausen GmbH (MR) of Germany to form a Joint Venture Company (JVC) in India for the manufacturing and sale of Composite Hollow Core Insulators (CHCI) to serve the Power Transmission & Distribution industry globally. The JVC, Aditya Birla Power Composites (ABPCL), will set up a state-of-the-art CHCI manufacturing plant at Halol, Gujarat, India.
This joint venture brings together Aditya Birla Insulators (a unit of Grasim), the 3rd largest global Porcelain Insulator player and Reinhausen Power Composites (a Unit of MR), the 2nd largest Hollow Composite Insulator player globally, with over five decades of combined experience in the insulator industry. ABPCL will build a fully integrated CHCI plant at Halol, bringing the latest technology for Composite Hollow Insulators from Europe. It will serve the insulator requirements of Indian and global OEMs in the Power Equipment industry, helping them to enhance their product proposition for the T&D Utilities worldwide.
Grasim Industries is the flagship company of the Aditya Birla Group. The company’s businesses comprise viscose staple fibre, cement, chemicals and textiles. Its core businesses are VSF and cement, which contribute to over 90% of its revenues and operating profits.
| Company Name | CMP |
|---|---|
| Grasim Industries | 2718.25 |
| DCM Shriram | 1225.85 |
| 3M India | 31394.15 |
| Hindustan Foods | 509.15 |
| Balmer Lawrie & Co | 176.20 |
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