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Voltas signs ‘Partnership Deal’ with Germany-based firm

Sumeet Kak 5 March 2009

Voltas signs ‘Partnership Deal’ with Germany-based firm Voltas, part of the Tata group, has informed that its textile machinery division has entered into a partnership deal with Germany's Thies to sell and service Thies products in India.

Under the arrangement, Thies will supply products such as fabric dyeing machines, jiggers and bleaching plants in India.

According to an official statement, the partnership will use the market potential of processing segments, which offer unique opportunities for India to augment its share in the international textiles trade.

Voltas shares ended 1.66 percent down at Rs 32.65 in the Mumbai market. The scrip touched an intraday high and low of Rs 34.40 and Rs 32.40 respectively.

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