Grindwell Norton has received approval for the conclusion and signing of definitive agreement, the establishment of a Limited Liability Partnership (LLP) entity in India with Shinagawa Refractories Company, Japan to manufacture Tap hole clay refractory products for the steel industry.
The company will hold 49% and Shinagawa Refractories Company, Japan will hold 51% in the LLP. The initial investment by the company in the LLP will not exceed Rs 15 crore.
Grindwell Norton is India’s leading manufacturer of abrasives (bonded, coated, non-woven, superabrasives and thin wheels) and silicon carbide. The company also manufactures and markets high performance refractories and performance plastics products.