Murugappa Group to form new Joint venture with Japan-based Organo
The water treatment engineering company Polutech Limited of Murugappa Group signed an agreement with Organo Corp of Japan to set an industrial water treatment requirement company in a Joint venture.
According to the agreement signed the Murugappa Group will hold 51 per cent in JV and the remaining portion will be with the Organo Group.
The estimated new venture will deal in industrial water treatment requirements services, which will deal to meet growing demand of industries for waste water management.
Murugappa Group’s Polutech is a key player in the water treatment engineering services in India; it manufactures equipment and designs systems for water and waste water treatment plants.
Whereas, Japan’s Organo is a key player in general water treatment engineering. It provides water treatment systems, management and maintenance of delivered systems and also deals in sales of standard products and chemicals.
Categories: Business & Economy Current Affairs 2017