Raymond’s auto-parts unit opens new plant in Sinnar

Automotive parts and components manufacturer Ring Plus Aqua Ltd, a subsidiary of Raymond Ltd, announced the opening of its third manufacturing facility at Sinnar, Maharashtra. The new plant will produce starter ring gears, transmission flex-plates and integral shaft water pump bearings, Ring Plus Aqua Ltd said. Ring Plus Aqua has already two manufacturing facilities near […]

Raymond opens Ethiopia factory to cut costs, easy access to US, EU

Textiles and garments brand Raymond inaugurated a garment manufacturing plant in Ethiopia to gain duty-free access to the US and European markets. The plant was set up at a cost of Rs 100 cr and will employ over 2500 people in the first phase. More people will join later, the company said. Ethiopia also gives […]

Raymond shareholders reject sale of JK House flats to promoters

Shareholders of Raymond Ltd rejected the sale of apartments in the company’s headquarters JK House to certain promoters. Chairman of the company Gautam Singhania had urged shareholders to vote against the resolution as the sale of the apartments would cause losses to the company as a whole. Four duplex flats were let to four members […]