Expansion9 Jul 2026, 11:22 am
Kothari Industrial Corp Subsidiary to Manufacture Adidas Footwear
AI Summary
Kothari Industrial Corporation Ltd announced that its associate company's subsidiary, Evervan Kothari Footwear Private Limited, is establishing a new footwear manufacturing facility in Karur, Tamil Nadu. This state-of-the-art plant will produce Adidas footwear. The ground-breaking ceremony is scheduled for July 10, 2026, and will be attended by the Chief Minister of Tamil Nadu. The company will provide a live webcast for shareholders to witness this milestone.
Key Highlights
- Subsidiary setting up new Adidas footwear manufacturing facility.
- Facility located in Karur, Tamil Nadu.
- Ground breaking ceremony on July 10, 2026.
- Live webcast available for shareholders.
- Significant expansion for footwear manufacturing operations.
Price Impact
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