GODREJ TO PACKAGE, MARKET DABUR'S REAL JUICES, DRINKS

Article Abstract:

Dabur India has entered into an agreement through which Godrej Foods will manufacture and market its Real range of fruit juices and fruit drinks in 200 ml tetrapacks. Real fruit juices are currently made and packed in Nepal in 500 ml and 1 litre elopacks. The concentrates for the fruit juices and drinks will be provided to Godrej by Dabur. Godrej manufactures and markets fruit juices under the Jumpin brand. Utilising Godrej's facilities will enable Dabur to introduce its fruit juices in 200 ml packs without having to invest in tetrapack machines. Dabur has targeted sales of Rs15 crore in 1998-99 against Rs3 crore in 1997-98 from its fruit juices and drinks. (khr)

Comment:

Enters deal w/ Dabur India through which co will manufacture & mkt latter's Real range of fruit juices & fruit drinks

Canned Fruit Juices, Fruit and Vegetable Canning, Strategic alliances, Canned juices, Dabur India, Godrej Foods

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GODREJ TO SET UP SHOP IN VIETNAM, OMAN

Article Abstract:

Godrej & Boyce Manufacturing Company is putting up a plant in Vietnam, at a cost of $6 million, to produce office equipment and furniture. Godrej-Khimji, a joint venture with Khimji Ramdas of Oman is expected to be set up in Oman in 1999. Godrej & Boyce already has similar units in Malaysia and Singapore for office equipment and furniture. The Vietnam unit will initially cater to Asean countries while a central marketing office is to be set up in Dubai to look after the West Asian market. (khr)

Comment:

Starts up a $6mil plant in Vietnam that will produce office equipment and furniture

New capacity, new plant construction, Office Furniture, Office Furniture (including Fixtures) Manufacturing, Godrej and Boyce Manufacturing Co.

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MODI-GBC TO CONVERT Rs5 CR PREF SHARE INTO EQUITY

Article Abstract:

General Binding Company (GBC) of USA has decided to consolidate its holding in its Indian joint venture firm Modi-GBC (MGBC). MGBC is a joint venture of GBC and BK Modi. The ailing MGBC is planning to covert promoters' Rs5 crore worth preference shares into equity. The promoters of the firm are infusing Rs7.5 crore to hike the equity of the firm to Rs15.5 crore. After the restructuring of the equity, each promoter will hold 48.5 percent stake in the firm. GBC manufactures office products. (gs)

Comment:

General Binding Company (GBC) of USA has decided to consolidate its holding in its Indian joint venture firm Modi-GBC (MGBC).

Joint ventures, General Binding Corp., GBND, BK Modi Group, Modi GBC

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