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Kanpur Plastipack Limited approved a 50:50 joint venture with Essegomma S.p.A. of Italy to establish a company in India for sales, marketing, trading, and distribution of high-performance polypropylene yarn.
“The Board of Directors of Kanpur Plastipack has granted in-principle approval to enter into a 50:50 joint venture with Essegomma S.p.A., an Italian company specializing in the manufacture of multifilament yarns since 1983.”scanx.trade
Summarized from public sources; check the original articles before acting on it.