Garware Technical Fibres Limited — JV/Acquisition, 18-06-2025: Acquisition

Garware Technical Fibres has incorporated a wholly-owned subsidiary, Garware Technical Fibres AS, in Norway with an initial capital of NOK 30,000 (around INR 2.46 lakh). This move aims to strengthen its business presence and legal structure in Norway, a key market where it already operates through a branch office. The subsidiary will take over the company’s existing Norwegian operations along with its assets and liabilities. This strategic step supports Garware’s growth in the technical textiles space across Europe, potentially enhancing operational efficiency and market responsiveness.