Abhishek Ind plans JV with Portuguese co
The Trident Group company Abhishek Industries today said it is planning to enter into a joint venture with the Portugal-based Mundotextil Industrias to produce luxury linen and other home textile products.
The proposed JV is expected to create one of the largest design, production and marketing platforms for supply of fine luxury linen and other home textile products, the company said in a release. The proposed JV would be catering to the European markets.
The Vizela- Portugal based Mundotextil is the biggest manufacturer of terry towels and other bath textiles in Europe.
The Ludhiana-based Abhishek is the flagship company of the $450-million Trident Group which has interests in home textiles, paper, sugar and power segments.