Toshiba Machine has announced that it has buying India’s injection molding machine producers, L&T Plastics Machinery, in a bid to expand its presence.
The details of the transaction were not disclosed, according to Plastic News.
India-based Larsen & Toubro announced the sale of its subsidiary in a 27 August filing to the Bombay Stock Exchange (BSE).
Toshiba, which is also opening an injection press factory in Thailand, has a facility in China, besides in Japan.
Source:
http://www.packaging-business-review.com/news/toshiba-acquires-indias-lt-plastics-machinery-270812
