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Ramasigns Industries enters into manufacturing agreement with Qrex Flex

The agreement would further strengthen the Company's supply chain.

November 08, 2021 9:17 IST | India Infoline News Service
Stock Market Trader, Stock Trader, Trading
Ramasigns Industries Limited has informed that the Company has entered into a Contract Manufacturing Agreement with Qrex Flex Private Limited, on October 30, 2021 one of the leading manufacturers of flex material in India, for specific contract based manufacturing.

Under this agreement, the Company will get various flex products contract manufactured as per its specifications, exclusively for the Company for a period of Two years.

The Company is one of the leaders in the printing consumables industry and deals in various types of flex, vinyls, sunboard etc. The agreement would further strengthen the Company's supply chain and would help the Company strengthen its products range and quality, said Ramasign in a regulatory filing.

Further, "the Printing Consumables industry, in which the Company operates, though has taken adverse hit due to Covid pandemic, is expected to bounce back with the worldwide retum of normalcy and consumer sentiment improvements. The Company's agreement is a step towards ensuring continuous quality products range roll out by the Company under its brand over years", it added.

At around 9:17 AM, Ramasign Industries was trading at Rs4.62 per piece higher by 4.29% on the BSE.

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