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Toshiba acquires India’s L&T Plastics Machinery

Toshiba Machine has announced that it has buying India’s injection molding machine producers, L&T Plastics Machinery, in a bid to expand its presence.

The details of the transaction were not disclosed, according to Plastic News.

India-based Larsen & Toubro announced the sale of its subsidiary in a 27 August filing to the Bombay Stock Exchange (BSE).

Toshiba, which is also opening an injection press factory in Thailand, has a facility in China, besides in Japan.