Murugappa Group enters into a JV with Organo Corporation of Japan
The Chennai-based INR269 Billion Murugappa Group enters into a Joint Venture agreement with Organo Corp of Japan, a leading player in the water treatment engineering services.
The Joint Venture in India will be between Organo Group of Japan, and Polutech Limited of the Murugappa Group. Organo Group will hold 49% of this JV, and the remaining portion will continue to be with the Murugappa Group. The joint venture will target the emerging needs of industrial water treatment requirements of the growing manufacturing sector in India.
Polutech a leading player in the water treatment engineering services in India. It manufactures equipment and designing systems for water and waste water treatment plants. It is a complete turnkey solution provider, from concept to commissioning, in raw water & effluent treatment systems. Its strength lies in its knowledge base and experience garnered by executing numerous projects over 30 years, across industries like Sugar, Pharma, Food & Beverage, Leather, Textile, Chemical etc.
About Murugappa Group
Founded in 1900, the INR 269 Billion Murugappa Group is one of India's leading business conglomerates. The Group has 28 businesses including nine listed Companies traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Parry Sugar industries Ltd, Shanthi Gears Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd. For more details, visit www.murugappa.com
About Organo Corporation
Organo is a leading general water treatment engineering company that provides water treatment systems and chemicals to a wide range of industries. It is headquartered in Tokyo, Japan. Organo operates three primary businesses - sales of water treatment systems, maintenance and management of delivered systems, and sales of standard products and chemicals. Organo's turnover in FY 14 was INR 35 billion (68741 million yen). For more details, visit http://www.organo.co.jp/english/index.html