After 10 years of joint operations, Larsen and Toubro (L&T) and
Sumitomo Heavy Industries inherited the 50 per cent stake in the operation when it bought Demag in March 2008. However, for more that 10 years, Sumitomo has had a technical collaboration with another Indian injection machinery maker,
L&T had started manufacturing injection moulding machines in 1990 in association with Demag Plastics Group. But the two formed the 50:50 joint venture company only after nine years. Soon after, the venture had emerged as the leading injection moulding solutions provider in
L&T Demag launched a petition last year to the
Company Name | CMP |
---|---|
Larsen & Toubro | 3555.00 |
Rail Vikas Nigam | 259.65 |
KEC International | 702.60 |
Kalpataru Projects | 1177.00 |
NCC | 246.10 |
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