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Welspun to invest Rs 2,000 cr in Gujarat
The Vedanta Group, Kiri Industries, the Welspun Group and the UNO Minda Group recently pledged investments worth Rs 4500 crore (in the metal sector), Rs 3,000 crore (in specialty chemicals), Rs 2,000 crore (in textiles) and Rs 1,000 crore (in engineering) respectively in Gujarat.
Groundbreaking ceremony at KARL MAYER's STOLL unit
STOLL, a new Business Unit of the KARL MAYER Group, will be moving with its premises from the site at Stollweg in Reutlingen to the Reutlingen-Betzingen industrial estate, where it will continue its activities under the new owner, as planned.
Strategic transformation underway at Loepfe
Loepfe Brothers announced its intention to restructure and refocus its business over the next three months in order to align with the changed market conditions and to further leverage digital technologies.
Oerlikon looks positively towards the future
Said Georg Stausberg, CEO: “Admittedly, the coronavirus situation has accelerated this digital transformation to an extreme extent. But it is working and the coronavirus crisis will also allow us to take many positive experiences we have made in our digitally-networked world with us moving forward.”
GHCL announces demerger of textiles biz
GHCL, India’s leading Chemical & Textile Company, post its board meeting today, announced an Interim Dividend of Rs 3 per equity share for the financial year 2019-20.The record date for the purpose of Interim Dividend is fixed on March 26, 2020.
MGC takes over Melchior Textil
MGC, the textile manufacturing joint venture between the Carrington Textiles and the Portugal based TMG - Acabamentos Texteis SA and strategic finishing partner for Melchior Textil, has taken over Melchior Textil (Germany) from HOS-Group.