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Greenply Industries forms a 50:50 JV in Singapore

Capital Market 

Along with Alkemal Singapore

Greenply Industries announced that that GREENPLY ALKEMAL (Singapore) Pte (a joint venture company of Greenply Industries, India and Alkemal Singapore Pte, Singapore) has been incorporated on 14 May 2014 as a Private Limited Company in Singapore.

The said Joint Venture Company is equally owned (50:50 investments owned directly or through subsidiary/affiliates) by Greenply Industries and Alkemal Singapore Pte.

The Joint Venture Company will, subject to necessary regulatory approvals, acquire and own 100% share of Greenply Industries (Myanmar) which was incorporated as a wholly-owned subsidiary of Greenply Industries for setting-up of a Veneer or Veneer-cum-Plywood Unit in Myanmar.

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First Published: Thu, May 15 2014. 10:29 IST