The board of Remsons Industries has approved joint venture (40:60) with Orscheln Products LLC, a missouri limited liability company (USA). The board has also approved the investment to be made in joint venture. The company has entered into a joint venture with Remsons Industries of Mumbai to manufacture and market Oracheln's products to India's growing marketplace & for Exports.
Orscheln Products LLC is a member of the Orscheln group (+$500M US $) which is comprised of privately - owned companies engaged in manufacturing for the OEM automotive, off-highway, agricultural, marine, military and aviation industries with a global scope. Other pursuits include retail agriculture and hardware sales with 148 stores operational and growing, real estate development, and a host of other diversified interests.
The Orscheln group has major investments in 12 companies, partnerships and joint ventures, 95 distributors in over 17 countries and today employs nearly 3,000 associates worldwide.
This was approved at the board meeting held on 19 October 2007.
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