Asian Granito gets nod to divest its JV Company
22nd May 2019

Asian Granito India has received approval for divestment in Joint Venture (JV) -- AGL Panaria. The Board of Directors of the Company at its meeting held on May 21, 2019 has approved the same. Indian Market dynamics have changed dramatically in terms of Advanced Production technology. The company has upgraded to cater all types of market requirements for domestic as well as in Export. In lieu of these changes the Company has agreed to part with effect from May 21, 2019.

Earlier, Panaria Group Ceramiche, Italy one of the leading Tile Manufacturing and Asian Granito India had entered into a JV in Year 2012. The purpose was that Asian would get benefit of Imported Advanced technology of Panaria, Italy and the mission was to market luxury ceramic tiles to cater high end market segment.

Asian Granito India is one of the top four Indian ceramic Companies engaged in the business of manufacturing, and trading of Ceramic Wall, Floor, Vitrified Tiles, Marble & Quartz Headquartered in Gujarat.