Ecoplast Board approves JV

Ecoplast Ltd has announced that the Board of Directors of the Company at its meeting held on June 28, 2007, inter alia, has approved a Joint Venture Agreement to be entered in to between the Company, Kunal Plastics Pvt Ltd, P K Choudury & Sons Pvt Ltd & Shree Govind Udyog Ltd for manufacture & sale of Multilayer Polyethylene Film at Guwahati, Assam. The Company holds 25% equity in the new JV Company, Synergy Films Pvt Ltd.

Source : Equity Bulls

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