Raymond to enter into automobile sector
To enter the automobile furnishing sector, the group is setting up a joint venture with Treves SA, USD1.3 billion French company. Established in 1836, Treves SA is present in about 20 countries, is engaged in automotive parts and components, seat parts, textiles, fabrics and cloth.
Raymond and Treves SA will form a 50:50 JV tomarket, sell and distribute knitted and woven textiles for internal furnishing of automobiles and related products. More
Courtesy:www.indiacar.net