LATI and LOXIM announced a strategic joint venture, LATI-LOXIM Thermoplastics Private Limited, to develop the Indian engineering plastics market, combining LATI's technology with LOXIM's local production capacity of 20,000 tons per year.
LATI Industria Termoplastici SPA, an Italian manufacturer of engineering plastics compounds, has acquired a majority stake in a joint venture formed via the transfer of Loxim Industries Limited's engineered compound business. The deal value was not disclosed.
Lati Industria Termoplastici S.p.A. acquired the engineering plastic compounds division of Loxim Industries Limited through a joint venture company (Lati-Loxim Thermoplastics Private Limited, 51% LATI, 49% Loxim promoters) via a slump sale. The transaction was signed on March 30, 2025 and closed on June 12, 2025.