Amber group, Resojet form JV to enter washing machine manufacturing Filesadmin.co
An Amber Enterprises spokesperson said, This joint venture is a significant step forward for Amber Enterprises as we continue to expand our presence in the consumer durables market.
Amber group, a homegrown contract manufacturer for HVAC and consumer electronics, on Thursday said it has formed a 50 per cent JV with Resojet, a Radiant Group Company, for manufacturing fully automatic washing machines.
This will help Amber group expand its footprint in the consumer durables space, beyond room air conditioners, a joint statement said.
An Amber Enterprises spokesperson said, This joint venture is a significant step forward for Amber Enterprises as we continue to expand our presence in the consumer durables market. By partnering with Resojet, we gain access to their expertise in manufacturing washing machines, allowing us to offer a wider range of high-quality products to our customers.
“Resojet is excited for this partnership, together we shall bring more value for our customers & also further strengthen groups association for various other consumer electronics & durable products, a Radiant group spokesperson said.
Earlier in January, Amber Group had announced the acquisition a majority stake in Bengaluru-based Ascent Circuit a leading manufacturer of Printed Circuit Boards (PCBs) catering to various industries, including aerospace and defence.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Mar 21 2024 | 9:26 PM IST