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Kobe Steel and L&T form JV to manufacture Tyre and Rubber Industry Equipment
Written by Vijay   
Wednesday, 26 January 2011
Mumbai: Japan's Kobe Steel and Larsen & Toubro have entered into a joint venture for the manufacture of internal mixers and twin screw rollerhead extruders for the tyre and rubber industry for global markets, including India.

The JV will invest around Rs. 60 crore for setting up a manufacturing facility and related infrastructure. L&T will offer internal mixers and twin screw rollerhead extruders inaddition to its existing range of tyre curing presses and tyre building machines.

Initially internal mixers of sizes 270 to 430 and extruders of sizes 350 and 450 will be manufactured by the JV and marketed by L&T and Kobe. Additional models will be progressively introduced in the future.

Kobe Steel has been in the development and manufacture of  mixing room equipment for the tyre and rubber industry for several decades. By virtue of its advanced technology, Kobe today enjoys market leadership for internal mixers in the global tyre industry.

L&T has been in the rubber processing machinery business for over four decades, offering world renowned tyre curing presses and tyre building machines.The company enjoys global leadership in these segments. The formation of this JV represents a further strengthening of the capabilities of L&T's rubber processing machinery business by widening its portfolio offerings to the global tyre industry.

The joint venture agreement was signed by Mr. J.P. Nayak, Whole-time Director and President ,(Machinery and Industrial Products), L&T, and Mr. Kazuo Shigekawa, Executive Vice-president and Representative Director, Kobe Steel.

 
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