Joint Venture8 Jan 2026, 06:25 pm
Kanpur Plastipack Ltd Incorporates 50:50 Joint Venture with Essegomma S.p.A., Italy
AI Summary
Kanpur Plastipack Ltd (KPL) and Essegomma S.p.A., Italy have incorporated a Joint Venture Company (JVC) named ESSEKAN Private Limited (EPL) with a 50:50 shareholding ratio. The JVC is set to undertake the proposed activities of sales, marketing, trading, and distribution of high-performance polypropylene yarn. EPL, registered in Uttarpradesh, India, will open new opportunities in global technical and luxury textile markets. KPL has subscribed to 2,00,000 equity shares of EPL amounting to Rs. 20 Lacs, holding 50% shareholding of the JVC.
Key Highlights
- Incorporation of ESSEKAN Private Limited (EPL) as a 50:50 Joint Venture by Kanpur Plastipack Ltd (KPL) and Essegomma S.p.A., Italy
- EPL to focus on sales, marketing, trading, and distribution of high-performance polypropylene yarn
- EPL to create a platform for producing and supplying premium-quality technical yarns to global markets and high-end textile applications within India
- KPL has subscribed to 2,00,000 equity shares of EPL amounting to Rs. 20 Lacs, holding 50% shareholding
- EPL registered in Uttarpradesh, India, targeting global technical and luxury textile markets