Kobe Steel Turns Indian JV for Tire and Rubber Machinery Into Wholly Owned Subsidiary

Kobe Steel Ltd. (TYO:5406) has acquired L&T Kobelco Machinery Pvt. Ltd. (LKTM) as a wholly owned subsidiary. Previously operated as a JV between Kobe Steel and Larsen & Toubro Ltd., the Indian-based firm designs, manufactures and sells a range of tire and rubber machinery, including rubber mixers and twin-screw extruders. By turning LKTM into a wholly owned subsidiary, Kobe Steel…

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