Grasim Industries ties up with Japan's Omikenshi Co to develop new international markets for rayon products

KOLKATA: Aditya Birla Group's Grasim Industries has entered into an agreement with Japan's Omikenshi Co to jointly develop new international markets for several functional rayon products.

As per the agreement, Grasim and Omikenshi will develop the technology together and manage the increased production as they enter new markets.

""Synergies between Grasim and Omikenshi will be leveraged for delivering enhanced value to the customers. We look forward to build a strong long term relationship with Omikenshi,"" said KK Maheswari, managing director at Grasim Industries.

Omikenshi president Makoto Otomura said the combination of Grasim's considerable production capacity and Omikenshi's functional rayon technology will open market for both companies.

In addition to specific products at the core of the agreement, the two companies will also explore future collaboration through a joint R&D programme.