Japanese Sumitomo Forestry picks up 26 pct stake in Nagpur-based furniture firm Spacewood

Nagpur: Japanese housing and wood products firm Sumitomo Forestry today announced its foray into the Indian market by picking up 26 per cent stake in Nagpur-based furniture firm Spacewood for up to USD 14 million (about Rs 90 crore). Sumitomo Forestry...

by Nagpur Today | Published 9 years ago
By Nagpur Today On Wednesday, October 7th, 2015

Japanese Sumitomo Forestry picks up 26 pct stake in Nagpur-based furniture firm Spacewood

Nagpur: Japanese housing and wood products firm Sumitomo Forestry today announced its foray into the Indian market by picking up 26 per cent stake in Nagpur-based furniture firm Spacewood for up to USD 14 million (about Rs 90 crore). Sumitomo Forestry...