Public CompanySical Logistics forms JV with Japanese firm
Sical Logistics, engaged in port handling services, today said it has entered into an agreement with Japan"s Mitsui O S K Lines to form a joint venture company to operate the automotives yard at the Ennore Port near Chennai.
While Sical would have 45 per cent stake, Mitsui O S K Lines would hold the rest in the joint venture company scheduled to commence by the next fiscal, Sical Logistics said in a filing to the Bombay Stock Exchange.