# 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.

- Type: Acquisition
- Announced: 2019-04-18
- Where: India, India
- Status: completed
- Products: rubber mixers, twin-screw extruders, roller-head extruders
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Larsen & Toubro](https://endata.com/companies/263.md) (investor)
- [Larsen & Toubro](https://endata.com/companies/263.md) (partner)
- [Larsen & Toubro](https://endata.com/companies/263.md) (target)
- [Kobe Steel](https://endata.com/companies/6583.md) (acquirer)
- [L&T Kobelco Machinery Private Ltd](https://endata.com/companies/38807.md) (target)
- [Kobelco Machinery Asia](https://endata.com/companies/38808.md) (acquirer)
- [L&T Kobelco Machinery](https://endata.com/companies/38913.md) (target)

## Sources

- [european-rubber-journal.com](https://www.european-rubber-journal.com/article/2067967/kobe-steel-takes-over-l-t-rubber-machinery-jv), 2019-04-18: "Kobe Steel Ltd has acquired full ownership of its Indian joint venture L&T Kobelco Machinery Private Ltd."
- [tiretechnologyinternational.com](https://www.tiretechnologyinternational.com/news/business/kobe-steel-takes-over-lt-kobelco-machinery-jv.html), 2019-04-23: "Kobe Steel has fully taken over L&T Kobelco Machinery (LTKM), which designs and manufactures machinery for producing car and construction equipment tires, including rubber mixers and twin screw roller head extruders."
- [tyrepress.com](https://www.tyrepress.com/2019/05/kobe-steel-buys-out-lt-kobelco-machinery/), 2019-05-01: "The plan is for the new wholly owned subsidiary to take advantage of growing market demand in India as well as in Southeast Asia and Europe."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.