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Kanoria Chemicals to invest Rs 5 crore in capacity expansion of Czech facility

03 Jul 2013 Evaluate

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.

Kanoria Chem. & Inds Share Price

160.00 -1.40 (-0.87%)
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