Joint Venture between Arvind Limited and Polser AS

February 04 2019

Arvind Limited is starting a JV with Turkish laminated composite panel maker Polser AS for manufacturing corrugated and plain fiberglass sheets for the construction industry.

The new entity, Arvind Polser Reinforced Composite Panels Limited, will have a 60:40 equity participation from Arvind and Polser respectively. The manufacturing plant will be set up at Ahmedabad, said Ashish Kumar, CEO Arvind Advanced Materials Division and Envisol, Arvind Limited.

“Our partnership would enable us to provide next generation materials to the construction industry by replacing traditional metals like steel, wood, asphalt shingles”, said Ashish Kumar.

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