# Enkei Wheels forms joint venture for aluminium recycling in India

Enkei Wheels (India) Limited entered into a joint venture agreement with Nikkei MC Aluminium Co. Ltd, Century Metal Recycling Limited, and Enkei Corporation to form a company for manufacturing and recycling aluminium alloys. The JV will have an authorized capital of INR 450 million.

- Type: Partnership
- Announced: 2019-11-27
- Where: India
- Value: $6.30M (450.0M INR)
- Status: announced
- Products: aluminium alloys, primary metal, secondary metal, metal scrap recycling
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Enkei Corporation](https://endata.com/companies/24144.md) (partner)
- [Enkei Wheels (India) Limited](https://endata.com/companies/43561.md) (partner)
- [Nikkei MC Aluminium Co. Ltd](https://endata.com/companies/43562.md) (partner)
- [Century Metal Recycling Limited](https://endata.com/companies/43563.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/ENKEI-WHEELS-INDIA-LIMITE-42796549/news/Enkei-Wheels-Limited-Enters-into-Joint-Venture-Agreement-to-Form-Joint-Venture-Company-with-Nikkei-M-34060212/), 2019-11-27: "Purpose of entering into the agreement is to incorporate a private limited company (Joint Venture Company') with the main objects of manufacturing, importing/exporting, processing of primary and/or secondary metal, metal scrap recycling and selling of aluminium alloys in molten and ingot form."

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