Sintex subsidiary acquires 100% stake in French plastics firm

05-Nov-07

Sintex Industries Ltd.'s downstream subsidiary; Sintex France SAS (a subsidiary of Sintex Holdings BV, Netherlands) has acquired 100% stake in Nief Plastics SA, France. Nief Plastics manufactures a wide range of exterior and interior plastic component systems and thermosets, that find application in the electrical, automotive and aerospace sectors and in household appliances, the building industry, sports/leisure as well as finished products. This acquisition will enable the company to widen its global footprint, with access to new markets and technologies.