Elgi Equipments’ wholly owned subsidiary -- Elgi Compressors USA, has subscribed and invested in, an extent of $1,34,000, which is 50% of the total capital of, Evergreen Compressed Air and Vacuum LLC.
Evergreen Compressed Air and Vacuum LLC will function as an exclusive dealer / distributor for Elgi Compressors USA for the ELGi rotary screw (oil-flooded or oil-free) compressors. The object of acquiring 50% ownership stake is for creating a model distributorship in USA that can be the reference point for creating more such channel arrangements in USA.
Elgi Equipments is a holding company and an air compressor manufacturer. The company’s segments include Compressors, Automotive Equipments and Others.
Company Name | CMP |
---|---|
KSB | 4678.15 |
Elgi Equipments | 648.45 |
Dynamatic Tech | 7933.50 |
Kirloskar Pneumatic | 1080.80 |
Ingersoll Rand | 4000.90 |
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