Joint Venture1 Feb 2025, 02:21 am
Ganesha Ecosphere Ltd. Executes Joint Venture Agreement with Race Eco Chain Ltd. to Strengthen PET Waste Supply Chain
AI Summary
Ganesha Ecosphere Ltd. has executed a Joint Venture Agreement with Race Eco Chain Ltd. to set up washing plants for producing pet flakes. The Joint Venture Company, Ganesha Recycling Chain Private Limited, will have Ganesha holding 49% and Race holding 51% of the share capital. This strategic investment aims to strengthen Ganesha's raw material supply chain of PET waste.
Key Highlights
- Ganesha Ecosphere Ltd. and Race Eco Chain Ltd. have executed a Joint Venture Agreement.
- The Joint Venture Company is named 'Ganesha Recycling Chain Private Limited'.
- Ganesha will hold 49% and Race will hold 51% of the share capital.
- The purpose of the joint venture is to strengthen Ganesha's raw material supply chain of PET waste.
- The joint venture will set up washing plants for producing pet flakes.