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- Title
Reliance acquires integrated polyester and textile complex.
- Abstract
This article reports on the move by Recron Sdn. Bhd., a member company of Reliance Group, to acquire the fixed assets of Hualon Corp. Sdn. Bhd. from its receivers and managers in June 2008. Recron has two manufacturing facilities in India and has a large polyester and textile complex. Recron has been operating the acquired assets from Hualon Corp. on December 1, 2007 based on an agreement after acceptance of its bid for the fixed assets. It also mentions some of the other assets acquired by Recron in Southeast Asia.
- Subjects
INDIA; HUALON Corp. Sdn Bhd; RECRON Sdn Bhd; MERGERS &; acquisitions; TEXTILE industry; MANUFACTURED products
- Publication
Man-Made Textiles in India, 2008, Vol 51, Issue 10, p362
- ISSN
0377-7537
- Publication type
Article