Rehau Strengthens Indian Market Presence With 51% Stake Acquisition In Red Star Polymers
New Delhi [India], October 24: REHAU Group, headquartered in Germany., a global leader in polymer product solutions for emerging markets like Interior, Building, Windows, Railways(Metro), and Automotive across the world, has a presence in over 100+ countries with more than 20,000 employees, recorded revenue of more than €4.7 billion last year, has successfully acquired Majority stake in Chennai-based RED STAR Polymers Pvt Ltd., through the Foreign Direct Investment (FDI) from its Switzerland entity M/s REHAU VERWALTUNGSZENTRALE AG. RED STAR Polymers, a leading producer of PVC Edgeband tapes has a manufacturing facility in Sri City, Andhra Pradesh, and boasts a strong presence in South India. RED STAR, under the leadership of Mr. Karthikeyan, a veteran with over 40 years in the furniture i
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