Tata Chemicals Joint Venture Agreement with Total Produce

Tata Chemicals Ltd has announced that the Company and Total Produce Plc (TOTAL PRODUCE) on February 01, 2007 has entered into an agreement to form a 50/50 joint venture Company in India.

Total Produce plc is Europe's largest fresh produce Company and its shares are traded on the Dublin and London Stock Exchanges.

The objective of the joint venture is to create state-of-the-art distribution facilities for fresh fruit and vegetables across India by leveraging the individual strengths of both the joint venture partners.

Source : Equity Bulls

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