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    INDIA'S ADVENTZ GROUP AND POLAND'S FORTE JOIN FORCES IN A FURNITURE VENTURE FOR THE INDIAN MARKET (Company Update)

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    Shyam Sunder
    1) Indian Furniture Products Limited (IFPL), a subsidiary of Adventz Group, and Fabryki Meble FORTE SA (FORTE) of Poland have signed a joint venture agreement to manufacture and distribute furniture in India. 2) The joint venture company will be called FORTE FURNITURE PRODUCTS INDIA PVT LTD and will be based in Chennai. It will take over IFPL's existing manufacturing facility and distribution network starting April 1, 2017. 3) The joint venture aims to leverage IFPL's access to the Indian market and FORTE's design and manufacturing expertise to become a leader in ready-to-assemble furniture in India.

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    INDIA'S ADVENTZ GROUP AND POLAND'S FORTE JOIN FORCES IN A FURNITURE VENTURE FOR THE INDIAN MARKET (Company Update)

    Uploaded by

    Shyam Sunder
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    1) Indian Furniture Products Limited (IFPL), a subsidiary of Adventz Group, and Fabryki Meble FORTE SA (FORTE) of Poland have signed a joint venture agreement to manufacture and distribute furniture in India. 2) The joint venture company will be called FORTE FURNITURE PRODUCTS INDIA PVT LTD and will be based in Chennai. It will take over IFPL's existing manufacturing facility and distribution network starting April 1, 2017. 3) The joint venture aims to leverage IFPL's access to the Indian market and FORTE's design and manufacturing expertise to become a leader in ready-to-assemble furniture in India.

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    INDIA'S ADVENTZ GROUP AND POLAND'S FORTE JOIN FORCES IN A FURNITURE VENTURE FOR THE INDIAN MARKET [Company Update]

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    1) Indian Furniture Products Limited (IFPL), a subsidiary of Adventz Group, and Fabryki Meble FORTE SA (FORTE) of Poland have signed a joint venture agreement to manufacture and distribute furniture in India. 2) The joint venture company will be called FORTE FURNITURE PRODUCTS INDIA PVT LTD and will be based in Chennai. It will take over IFPL's existing manufacturing facility and distribution network starting April 1, 2017. 3) The joint venture aims to leverage IFPL's access to the Indian market and FORTE's design and manufacturing expertise to become a leader in ready-to-assemble furniture in India.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    179 views3 pages

    INDIA'S ADVENTZ GROUP AND POLAND'S FORTE JOIN FORCES IN A FURNITURE VENTURE FOR THE INDIAN MARKET (Company Update)

    Uploaded by

    Shyam Sunder
    1) Indian Furniture Products Limited (IFPL), a subsidiary of Adventz Group, and Fabryki Meble FORTE SA (FORTE) of Poland have signed a joint venture agreement to manufacture and distribute furniture in India. 2) The joint venture company will be called FORTE FURNITURE PRODUCTS INDIA PVT LTD and will be based in Chennai. It will take over IFPL's existing manufacturing facility and distribution network starting April 1, 2017. 3) The joint venture aims to leverage IFPL's access to the Indian market and FORTE's design and manufacturing expertise to become a leader in ready-to-assemble furniture in India.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    adventz

    January 19, 2017

    SSE Limited
    Floor 25, P.J. Towers
    Dalal Street
    Mumbai 400 001
    National Stock Exchange of India Limited
    Exchange Plaza, Sandra Kurla Complex,
    Sandra East
    Mumbai- 400001

    Dear Sirs,

    SUB

    PRESS RELEASE : INDIA's ADVENTZ GROUP AND POLAND's FORTE JOIN


    FORCES IN A FURNITURE JOINT VENTURE FOR THE INDIAN MARKET

    Pursuant to Regulation 30 of SESI (LODR), Regulations, 2015, this is inform you that Indian
    Furniture Products Limited, Chennai, India (IFPL), a subsidiary of Zuari Global Limited (an
    ADVENTZ GROUP company) and Fabryki Meble FORTE SA, Ostrow Mazowiecka, Poland
    (FORTE) have signed a joint venture agreement for the manufacturing and distribution of
    furniture for the Indian market.
    Attached is the copy of the captioned Press Release being published, for your information.

    Yours faithfully,
    For ZUARI GLOSAL LIMITED

    ~~

    Sachin Patil
    Asst. Company Secretary

    ZUARI GLOBAL LIMITED


    (Formerly known as Zuari Industries Limited)
    CIN No.: L65921GA1967PLC000157
    Registered Office: Jaikisaan Bhawan, Zuarinagar, Goa - 403726, India
    Tel: +08322592180,2592181
    www.adventz.com

    Fax: +08322555279

    INDIAN FURNITURE PRODUCTS LIMITED


    CIN : U72200TN2000PLC089255
    Regd Office: G-106, Sidco Industrial Estate, Kakkalur, Tiruvallur-602003, TN, India
    Tel: 91-44-27662420/2421/2422/4861/0229/37609329/376089 96
    www.zuari-furniture.com,www.stylespafurniture.com

    INDIA's ADVENTZ GROUP AND POLAND's FORTEJOIN FORCESIN A FURNITURE JOINT


    VENTURE FORTHE INDIAN MARKET

    Indian Furniture Products Limited, Chennai, India (IFPL),a subsidiary of Zuari Global Limited (an
    ADVENTZGROUPcompany) and Fabryki Meble FORTESA, Ostrow Mazowiecka, Poland (FORTE)
    have signed on 18/1/2017, a joint venture agreement for the manufacturing and distribution of
    furniture for the Indian market.
    The Joint Venture Company will be named FORTEFURNITUREPRODUCTSINDIA PVT. LTD. It's
    seat will be in Chennai. It will start operations on April 1, 2017 by assuming the existing
    manufacturing facility and the distribution network of Indian Furniture Products Ltd.
    Both companies expect the Joint Venture to make its mark in the rapidly evolving Indian
    furniture market. IFPLwill gain access to state-of-the-art product design and manufacturing
    technology, while FORTEwill establish its presence in a market with huge long-term customer
    potential. FORTEFURNITUREPRODUCTSINDIA PVT.LTD.aims at becoming a leader in ready-toassemblefurniture in India.
    About the ADVENTZ GROUP

    The ADVENTZGROUPis an Indian conglomerate with global ambitions and partnerships with
    world leaders in various fields of enterprise. The Group is headed by leading industrialist, Mr.
    Saroj Kumar Poddar and with its multi faceted ventures pan-India, has a leading presence in key
    growth sectors such as Fertilizers, Engineering and Heavy Industries, Lifestyle Products, Real
    Estate and Services. Industry leaders in the group include Zuari Agro Chemicals Limited, Zuari
    Global Limited, Paradeep Phosphates Limited, Mangalore Chemicals and Fertilizers Limited,
    Texmaco Rail & Engineering Limited, IFPLand Hettich India Limited, among others.
    The company has a long standing history in establishing high-value international business
    partnerships. Some of these are: Zuari Infra SJM Dubai, Hettich group in Germany, TouaxFrance,Wabtec-USAand OCP-Morocco.
    The group also has engineering expertise and offers technical consultancy, project management
    and contracting services to chemical, fertilizer, oil & gas, petrochemical, power and other
    infrastructure projects.

    About

    FORTE

    FABRYKIMEBLI"FORTE"S.A. (FORTE)is one of the largest European manufacturers of furniture


    for self-assembly. The Company was founded in 1992, and has become a major international
    manufacturer, supplying over 4,500 distributors from 40 countries worldwide. FORTEfurniture
    are present in almost all important retail chains and many good furniture stores all over Europe.
    Exports account for 82% of the output of FORTE- the Company has its own sales units in major
    markets. FORTEfurniture designs are adapted to changing market trends and the expectations
    of even the most demanding customers.
    At present, FORTEhas four state-of-the-art manufacturing plants located in North-East Poland.
    The total space of plants used for manufacturing purposes is 120,000 square meter, while the
    storage space amounts to 70,000 square meter. Over the next 3 years, FORTEwill further
    strengthen its market position by investing into a fifth furniture plant and in an own chipboard
    production facility in Poland.

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