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Related Keywords: CCI approves, Chinese company, fabric for men's suiting, joint venture, Reliance Industries Ltd, textile business, trousers and shirting, Vimal brand, with Shandong Ruyi Science and Technology group, yarn

Reliance Industries Ltd (RIL), India's largest private sector company, on Tuesday said it 'had entered into a definitive agreement for a joint venture in business with China's Shandong Ruyi Science and Technology Group (Ruyi).

According to the agreement, RIL will transfer its existing textile business under the Vimal brand into a newly incorporated company in which RIL will hold 51 per cent stake. The remaining 49 per cent stake will be sold to Ruyi.

Related Keywords: Alok Industries, consolidation phase, investment banker, joint venture, land in Mumbai, New York based, Next Creations, non-core assets, sell, Silvasssa, Store 21, textile major, UK retail chain, Vapi

Alok Industries, textile major is in view of raising Rs 2,000 crore by selling its UK retail chain, Store 21, and well as land in Mumbai, Vapi and Silvassa over the next two years for which investment bankers have been appointed.

At the moment, the company’s focus is selling all their non-core assets as they are in a consolidation phase and will not expand for at least the next three to four years, said Chief Financial Officer Sunil Khandelwal.

They also have plans to sell its land in Mumbai in the next six months and hope to raise at least Rs 300 crore from this sale.

Related Keywords: brand, fashion retailer, FIPB, Indian retail operation group, Inditex, joint venture, Massimo Dutti Stores, Spanish clothing company, Trent

Inditex a Spanish multinational clothing company headquartered in Arteixo, Galicia and one of the world's largest fashion retailers with eight brands and over 6,390 stores throughout the world. Inspired by a responsible passion for fashion and, above all, by the customers plans to open its Massimo Dutti stores in India, one year after signing a joint venture to run stores under the brand in an agreement with Indian retail operations group Trent.
 

Related Keywords: Boost, cotton industry, deal signed, denim plant, investment, job creation, joint venture, MeTL, Mulungush textile, reopening, working capital

The re-opening of the moribund Zambia-China Mulungushi Textile Joint Venture seven years after it was shut has come as a special gift to the people of Kabwe in this Jubilee year.
 
The factory has been leased to Mohammed Enterprises Tanzania Limited Group (MeTL) for a period of 12 years. The new investor will in the next three months assess the condition of the machinery at the plant, before resuming operations at the textile plant.
 

Related Keywords: joint venture, lease agreement, Mohammed Enterprises, Qingdao textile, Tanzanian investor, Zambia Ministry of Defence, Zambia-China Mulungushi textiles

Zambai-China Mulungushi Textiles run under a joint venture between Qingdao Textile and Zambia Ministry of Defence, but the partnership fell through forcing the company to close down in 2007 has found a Tanzanian investor who has expressed interest to revamp the Mulungushi Textiles in Kabwe.
 
The government wanting to lease the firm was looking for an independent investor who will operate it profitably on a large scale basis.
 

Related Keywords: joint venture, PIEDMC, proposal, Punjab Government, Quaid-e-Azam Apparel Park, Ruyi group

The Shandong Ruyi Group, a joint venture between Chinese and foreign investors headed by Qiu Yafu, is a hi-tech enterprise, who were planning to invest immensely in the Quaid-e-Azam Apparel Park, a project of the Punjab government is losing interest in the project.
 
Despite several meetings held by its Director Arie Qiu, daughter of the owner with the Punjab chief minister to discuss investment, the company has not yet come up with proposals to demonstrate its interest in the project.
 

Related Keywords: Alpek, BASF, business units, caprolactam, joint venture, Polioles, polyester, Purified terephthalic acid

BASF SE German giant and Alpek SAB de CV, the petrochemicals arm of Mexican conglomerate Alfa Group have entered into an agreement that changes the business units of their 50-50 Polioles SA de CV, joint venture in Mexico.
 
Polioles S.A. de C.V. is a petrochemical company that manufactures and markets a range of chemical products. It has five business units: chemical specialties, estyropor, polyurethane, industrial chemicals and PUR's, as well as two plants located in Altamira and Lerma. It is a subsidiary of "Alfa Group" and "BASF AG".

Related Keywords: Blumer n Lumb, joint venture, manufacturing unit, Shandong Ruyi, Taylor n Lodge

Bulmer & Lumb Group Ltd a British textile manufacturer has joint ventured with the giant Shandong Ruyi Technology Group Co Ltd based in Shandong province of China for its Taylor & Lodge manufacturing unit at Albert Street.

Bulmer & Lumb with an excellent reputation built on the careful selection and control of raw materials together with continual investment in the latest equipment. In 2005 the group owns the world renowned Taylor and Lodge in Huddersfield. The workers at Taylor & Lodge who are world-renowned for their quality craftsmanship and cutting-edge work.