New Launch18 Apr 2025, 07:39 pm
Kokuyo Camlin Ltd Completes Land and Building Acquisition for Manufacturing
AI Summary
Kokuyo Camlin Ltd has completed the acquisition of land and building adjacent to its existing factory at Samba, Jammu. The company plans to utilize this space to manufacture parts and components of its products, which were previously outsourced from third-party vendors. This move is expected to optimize costs. The investment for this acquisition was approximately 4.60 Crore plus applicable taxes, financed from internal accruals.
Key Highlights
- Kokuyo Camlin Ltd has completed the acquisition of land and building adjacent to its existing factory in Samba, Jammu.
- The new space will be used to manufacture parts and components of the company's products, previously outsourced from third-party vendors.
- This move is expected to optimize costs for the company.
- The investment for this acquisition was approximately 4.60 Crore plus applicable taxes.
- The acquisition was financed from internal accruals.