Toray Industries (H.K.) Ltd. has entered a joint venture with MAS Holdings to establish a new manufacturing facility in Odisha, India. The entity, named Toray MAS Apparel India, will operate from the MAS Apparel Park at Bhuinpur, which began development in March 2025. Operations are scheduled to start in early 2026. The agreement was formalised […]
CEAT Limited has acquired Michelin Group’s CAMSO Construction Compact Line Business, including the Midigama plant and Casting Product plant in Sri Lanka. The transaction gives CEAT ownership of the CAMSO brand, which will be permanently assigned across categories after a three-year licensing period. As part of the acquisition, CEAT announced an investment of USD 171 […]
Mazagon Dock Shipbuilders Limited (MDL) has announced plans to acquire a majority controlling stake in Colombo Dockyard PLC (CDPLC) for USD 52.96 million (approx. INR 4.52 billion). This would be MDL’s first international investment, expected to complete within four to six months, subject to customary closing conditions and regulatory approvals. The acquisition combines a primary […]
MAS Holdings has commenced construction of its apparel park in Bhuinpur, Khurda district, Odisha. The facility is expected to begin operations in 2026, focusing on producing value-added apparel for domestic and international markets. The 60-acre park aims to attract industry partners to create an integrated supply chain, enhancing speed and cost efficiency. Over the next […]