
Joint Venture13 Jul 2026, 10:58 am
Eco Recycling Ltd to form 50:50 JV with ERI, USA
AI Summary
Eco Recycling Limited has announced a board meeting scheduled for July 20, 2026, to consider and approve the formation of a 50:50 Joint Venture (JV) in India with Electronic Recyclers International, Inc. (ERI), USA. The JV aims to capitalize on opportunities in IT Asset Disposition (ITAD), enterprise recycling, circular economy solutions, and resource recovery. The board will also review definitive agreements, including the Shareholders' Agreement and Operating Agreement. This strategic move leverages ERI's global expertise and Ecoreco's Indian market presence, expected to enhance international reach and drive long-term shareholder value.
Key Highlights
- Board meeting to approve 50:50 JV with ERI, USA.
- JV to focus on ITAD, enterprise recycling, and circular economy.
- Combines ERI's global expertise with Ecoreco's Indian market strength.
- Aims to enhance international presence and shareholder value.
Price Impact
More from ECORECO