Following hot on the heels of its competitors, Italy-based Piovan has become the next auxiliary equipment manufacturer to set up a joint venture in India. Through its materials handling company Penta srl, which it acquired early this year, Piovan is forming a 50:50 joint venture company with India’s Kabra Extrusiontechnik (KET), a part of the Kolsite group.
To be known as Penta Systems India, the joint venture company will set up a plant for manufacturing and trading (including the supply of after-sales services) of auto feeding systems for the plastics and food processing industries.
With the new joint venture, KET says it is aiming to further strengthen its presence in the plastics industry and explore new opportunities in the food processing industry. KET offers single and twin screw extrusion lines for pipes, profiles, pellets, wire/cable and mono/multilayer blown films lines.
Operating since 1993 and based in Ferrara, Penta specialises in the engineering of large systems for storage and handling of plastics and food material in the plastic converting industries, particularly in the PVC and food sectors. It also deals with the chemical industry in highly specialised applications such as the heat treatment of solid products (cooling, drying) as well as handling of products as graphite, oxides, silicates and active coal.
Headquartered in Santa Maria di Sala, the Piovan Group has seven production facilities, 23 service & sales companies and 70 distributors worldwide.
(PRA)
