Kanoria Chemicals & Industries is likely to invest Rs 5 crore in expanding the capacity of the Czech production facility of APAG Holding AG. The company aims to complete this expansion project by 2014. In April 2012, it has acquired a 90% stake in the Switzerland-headquartered company. APAG, through its Pardubice, Czech Republic facility, produce specialized electronic parts for top European automakers like Porsche, BMW, Audi and Bentley.
Kolkata-based Kanoria is also planning to set up a $30-million export-oriented denim manufacturing facility in Ethiopia in June 2014. Of the total investment on setting up the plant, $20 million will be funded through a loan.
| Company Name | CMP |
|---|---|
| BASF India | 3867.35 |
| Tata Chemicals | 804.70 |
| SRF | 2771.90 |
| Pidilite Inds. | 1451.20 |
| Deepak Nitrite | 1854.70 |
| View more.. | |
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