Nichireki Co., Ltd. ( (JP:5011) ) just unveiled an update.
Nichireki Group Co., Ltd. has entered into a joint venture agreement with OG Corporation to establish a new company in India, named Nichireki OG International Private Limited. This venture aims to capitalize on India’s growing infrastructure needs by manufacturing and selling materials for railway and road projects, with a focus on the Indian high-speed rail project. Nichireki holds a 70% stake in the venture, which will be based in Vadodara, Gujarat. The collaboration is part of Nichireki’s strategy to expand its business foundation in India, leveraging its technological expertise and OG Corporation’s local experience.
More about Nichireki Co., Ltd.
Nichireki Group Co., Ltd. operates in the construction materials industry, specializing in asphalt-related products. The company focuses on developing transportation infrastructure, particularly in emerging markets like India.
YTD Price Performance: -14.82%
Average Trading Volume: 24,364
Technical Sentiment Consensus Rating: Hold
Current Market Cap: Yen69.21B
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