The Board of Directors today have approved the incorporation of a Wholly-Owned Subsidiary (WOS) in China. This WOS will be in a position to keep stocks and invoice our customers. It would also be the Company to service key customers in China. Apart from the listed benefits, the WOS would also be in a position to source key raw materials locally at a more favorable price as opposed to prices otherwise quoted for exports from China.
For any further information please contact Mr. P.S. Raghavan (Company Secretary)