Nichireki (TYO:5011) has partnered with OG Corp. to create a joint venture in India that will manufacture and sell materials for railway construction and partake in India's high-speed rail project, according to its Thursday filing with the Tokyo bourse.
Nichireki will leverage its asphalt technology alongside OG Corp.'s local experience to expand in India.
Named Nichireki OG International, the venture is set in Vadodara, Gujarat, with Nichireki holding a 70% stake.
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