Lohia Corp Limited, a
global supplier of machinery for end-to-end solutions for plastic woven fabric
industry, has recently acquired US based J.J. Jenkins Inc. The company is a
reputed synthetic fibre and monofilament machinery maker and acquisition was done
through LCL’s subsidiary Leesona Corp, a 130-year-old pioneer in winding
machines. This acquisition aligns perfectly with LCL’s strategic vision to
expand specialty yarns and tapes portfolio in medical and defense applications.
In addition, LCL has formed
a strategic Joint Venture with Italy's OMGM sas, leading to the creation of
OMGM Extrusiontechnik Srl. with LCL holding the majority stake. This JV
represents a significant diversification to Lohia Corp’s product portfolio,
introducing solutions for extrusion and winding systems for a wider range of
technical applications. These developments are expected to boost LCL’s growth
as well as bring cutting-edge solutions to customers which would contribute to
the development of the industry.
R K Lohia, Chairman &
Managing Director of Lohia Corp, expressed his enthusiasm on the new ventures
and said "Both these new partnerships are a pivotal move that will broaden
our product offerings and provide our customers with even more choices and will
enhance our presence in the North America and European market, at the same time
strengthen our presence in all other global markets.”
Lohia Corp is a global
leader in providing comprehensive solutions for the raffia industry. With an
impressive installation base of over 2,250 extrusion lines and 95,000 Circular
Looms across more than 100 countries, LCL's influence in the plastic woven
fabric and bag sector is unparalleled. The company's dedication to quality and
efficiency has resulted in an astounding plastic processing capacity of 7.7
million metric tons per annum of PP & PE. LCL's products, ranging from
packaging systems for solid bulk materials to roof underlays and tarpaulins,
are not just industrial applications; they are the building blocks of
industries worldwide.
Both these new partnerships are a pivotal move that will broaden our product offerings and provide our customers with even more choices and will enhance our presence in the North America and European market, at the same time strengthen our presence in all other global markets.”
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