Our international associates

Coromandel Fertilisers Limited (CFL) and Gujarat State Fertiliser Corporation (GSFC) signed a joint venture agreement with Groupe Chimique Tunisien of Tunisia for the manufacture of phosphoric acid, a critical raw material in the manufacture of phosphatic fertilisers and DAP.

In February 2005, Coromandel Fertilisers acquired a 2.5 per cent stake for Rs.27 crore in Foskor Limited, a South African fertiliser company. The Indian company will also advise Foskor on operational issues to enable it to improve its financial performance.

EID Parry (India) Ltd and Cargill International S.A., Geneva have announced their plans to enter into a joint venture to set up a port-based stand-alone sugar refinery in Kakinada, Andhra Pradesh.

Parryware ROCA Private Limited, India's No. 1 bathroom solutions provider and Spain's ROCA, the world's leading bathroom ceramics company, will join hands to charter a new growth in the Indian sanitaryware segment.

This is a joint venture between EID Parry India Limited and ROCA of Spain, the world's leading bathroom ceramics company.

Murugappa Group and DBS Bank, Singapore became equal partners in the joint venture Cholamandalam Investment and Finance Company Ltd. (CIFCL). CIFCL has been renamed Cholamandalam DBS Finance Ltd.

Group company Wendt India Limited is a joint venture with Wendt, West Germany, a niche player in the abrasives industry. It makes diamond and CBN grinding wheels and tools.

Murugappa Morgan Thermal Ceramics Ltd is a joint venture between Carborundum Universal (CUMI) and Morgan Crucible Co plc of the UK. It produces ceramic fibres.

Cholamandalam MS General Insurance Co Ltd is a joint venture with Japanese insurance giant Mitsui Sumitomo.

The Group has a joint venture with Borg Warner Morse Tec of the US, a global leader in the design and manufacture of automotive chain systems and components for engine timing, to manufacture silent chains and associated systems.