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- Title
RIL buys Malaysian polyester co.
- Abstract
The article reports on the acquisition of the assets of Malaysian company Hualon by Indian polyester company Reliance Industries (RIL) for an undisclosed sum. Exporter Hualon is under receivership after it slipped into bankruptcy and the acquisition is subject to regulatory approvals. The acquisition will provide Reliance an additional half million polyester capacity making its total capacity to 2.5 million tonnes, as well as adding two more global manufacturing location and 6,000 employees to the roster of RIL.
- Subjects
ASSET acquisitions; MERGERS &; acquisitions; RELIANCE Industries Ltd.; HUALON Corp. Sdn Bhd; INDUSTRIAL capacity; POLYESTER fibers industry
- Publication
Man-Made Textiles in India, 2007, Vol 50, Issue 10, p384
- ISSN
0377-7537
- Publication type
Article