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Home / Business / Somany Ceramics terminates JV agreement with Keraben Grupo S.A.

Somany Ceramics terminates JV agreement with Keraben Grupo S.A.

The company has terminated JV agreement from June 1, 2017
Somany Ceramics has terminated Joint Venture (JV) agreement with Keraben Grupo S.A. (formerly known as Keraben S.A.) with effect from June 1, 2017. The agreement was entered in 2006 between Keraben S.A. (now known as Keraben Grupo S.A.) (Keraben) a company registered under the laws of Spain and SPL (now known as Somany Ceramics) (SCL) (collectively hereinafter the parties) for incorporation of new company i.e. Somany Keraben (now SKPL Ceramics) (hereinafter referred to as the JV company).

Somany Ceramics is a pioneering manufacturer, supplier and exporter of Floor Tiles, Wall Tiles, Sanitary Ware including urinals, basins, etc. Somany strives to bring its customers floor, wall, vitrified, ceramic, porcelain and innovative tiles that are the very latest in the world.

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