RABOBANK EGGS ON INDIAN POULTRY SECTOR TO GO GLOBAL

Article Abstract:

The Rabobank International is confident of India becoming a global player in poultry farming. It is engaged in agri-business and health care sector. It is interested in helping Indian companies find partners to set up joint ventures in poultry farming. It has suggested that India should go for contract farming of poultry where one-day-old chickens would be given and fattened chickens would be bought back at a fixed price. The bank has estimated the cost of raising 10 million chickens a year at $100-110 million. India needs to increase the per capita consumption of poultry meat from 600 grammes to 2,000 grammes. India ranks fifth in the world in egg production but ranks 17 in poultry. In India, poultry meat processing accounts for 5 percent of total production. Only 5-10 percent of poultry meat is sold in chilled/dressed form. (rk/kvr)

Poultry Processing, Dressed Poultry, Rabobank International

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MONTELL INTL TO BUY 50% IN MACHINO

Article Abstract:

Machino Polymers Limited is selling 50 percent of its stake to Montell International Holdings for Rs4 crore. Machino Polymers Limited is a joint venture of Montell North America and Machino Plastics Limited. Machino Polymers Limited plans to offer 4,000,560 equity shares of Rs10 each to Montell International Holdings. It plans to offer 15 percent cumulative redeemable preference shares of Rs10 each at par to Montell North America. The Foreign Investment Promotion Board has approved the proposal of Machino Polymers Limited. (rk)

Asset sales & divestitures, Acquisitions & mergers, Polymers: Plastic, Rubber, Fiber, Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing, North America, Polymers, Machino Polymers Ltd., Montell International HOldings

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NIPPON CABLES REVS UP INDIAN OPERATIONS VIA JV WITH MACHINO

Article Abstract:

Nippon Cables, a global leader in automobile control cables, is setting up a manufacturing base in India through a joint venture with the Machino group. The Machino group will hold a 40 percent stake in the new joint venture. The unit will be set up at Gurgaon with an investment of Rs25 crore. It will cater to the requirements of Maruti Udyog Ltd and has targeted an initial turnover of Rs50 crore. (khr)

Comment:

Enters joint venture deal with Nippon Cable to set up manufacturing base in India

Other Motor Vehicle Electrical and Electronic Equipment Manufacturing, Auto Wire, Harness & Cable, Article, Automotive wiring, Nippon Cable Systems Inc., Machino

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