L&T and Kobe Steel in Rs 60 crore JV for tyre equipment
Larsen & Toubro and Kobe Steel will make rubber processing machinery in India. The two companies will collectively invest about Rs 60 crore in L&T Kobelco Machinery Pvt. Ltd, with L&T owning a 51% stake with the rest owned by Kobe. The company will make internal mixers and twin screw rollerhead extruders used in tyre production.
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