Goodway and Indag Consider Partnership Options
Goodway Rubber and Indag Rubber Ltd are considering their partnership options after signing a memorandum of understanding on 23 August. According to the document the companies are now considering “joint opportunities to…strengthen both parties’ market position in the rubber compounding and retreading industry.” The firms are expected to announce whether it is feasible for them to enter into a “strategic partnership” within six weeks of signing the memorandum.
According to the company, the memo does not create legally binding obligations on the parties and shall not give rise to any rights and liabilities to a contract.
Indag is a public company incorporated in India and involved in manufacturing, marketing and distribution of rubber compounds and tyre retreading.