Corporate News     06-Dec-07
Ihsedu Specialty Chemicals to set up chemicals manufacturing unit
Cost of the project is Rs 60 crore
Jayant Agro Organics has announced that Mitsui & Co. Japan and Mitsui & Co (Asia Pacific), have together entered into a joint venture agreement for investing 24% in the equity shares of Ihsedu Specialty Chemicals, a subsidiary of the company. Ihsedu Speciality Chemicals is setting up chemicals manufacturing unit for manufacturing specialty chemicals based on castor oil. The estimated cost of the project is Rs 60 crore.

Further, the Company has appointed three new directors and Mitsui Group has appointed two directors on the board of Ihsedu Speciality Chemicals.

The company made this announcement during the trading hours today, 06 December 2007.

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