L&T and Kobe Steel Ink JV
Larsen & Toubro (L&T) and Kobe Steel, Japan, have entered into a Joint Venture (JV) for the manufacture of internal mixers and twin screw roller head extruders for the tyre & rubber industry for global markets, including India.
January 29, 2011 / 17:16 IST
Larsen & Toubro (L&T) and Kobe Steel, Japan, have entered into a Joint Venture (JV) for the manufacture of internal mixers and twin screw roller head extruders for the tyre & rubber industry for global markets, including India.
The joint venture agreement was signed by Mr. J. P. Nayak, Whole-time Director & President (Machinery & Industrial Products), L&T, and Mr. Kazuo Shigekawa, Executive Vice President & Representative Director, Kobe Steel. L&T and Kobe possess complementary strengths and form a strong team in the global rubber machinery market. The agreement is a landmark for both organisations, and the JV aims to provide customers with state-of-the-art products for the tyre industry. Kobe Steel has been in the development and manufacture of mixing room equipment for tyre and rubber industry for several decades. By virtue of its advanced technology, Kobe today enjoys market leadership for internal mixers in the global tyre industry. L&T has been in the rubber processing machinery business for over four decades, offering world renowned tyre curing presses and tyre building machines. The Company enjoys global leadership in these segments. The formation of this JV represents a further strengthening of the capabilities of L&T
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
