Grasim Industries Limited has signed a definitive agreement to form a joint venture company in India with Maschinenfabrik Reinhausen GmbH (MR) of Germany. The joint venture is for the manufacturing and sale of Composite Hollow Core Insulators to serve the power transmission and distribution (T&D) industry globally.
This joint venture will bring together Aditya Birla Insulators (a unit of Grasim) and Reinhausen Power Composites (a unit of MR). 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.
Source: The Hindu