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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

Kobe Steel acquires full ownership of Indian rubber machinery JV LTKM · Endata

◂ Announcements

Apr 18, 2019ACQUISITIONIndia, India

Kobe Steel acquires full ownership of Indian rubber machinery JV LTKM

Kobe Steel acquired full ownership of its Indian joint venture L&T Kobelco Machinery Private Ltd (LTKM), previously 51% held by Larsen & Toubro and 49% by Kobe Steel. The subsidiary will relaunch as Kobelco Industrial Machinery India Pvt Ltd in May 2019.

Status

Completed

Productsrubber mixerstwin-screw extrudersroller-head extruders

CompaniesLarsen & Toubro investor Larsen & Toubro partner Larsen & Toubro target Kobe Steel acquirer L&T Kobelco Machinery Private Ltd target Kobelco Machinery Asia acquirer L&T Kobelco Machinery target

Sectors#Industrial Machinery

“Kobe Steel Ltd has acquired full ownership of its Indian joint venture L&T Kobelco Machinery Private Ltd.”european-rubber-journal.com

3 sources
european-rubber-journal.comKobe Steel takes over L&T rubber machinery JV | European Rubber JournalApr 18, 2019
tiretechnologyinternational.comKobe Steel takes over L&T Kobelco Machinery JV | Tire Technology InternationalRachel EvansApr 23, 2019
tyrepress.comKobe Steel buys out L&T Kobelco Machinery - TyrepressChris AnthonyMay 1, 2019

Summarized from public sources; check the original articles before acting on it.

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