New joint venture for Ellenbarrie
Industrial and medical gases manufacturer, Ellenbarrie Industrial Gases has entered into an agreement with German company Lorch Welding Technique Gmbh.
The companies will combine to set up a welding solution centre at Ellenbarrie’s industrial gases facility in Uluberia, West Bengal.
Joint managing director of Ellenbarrie, Indrajit Mookherjee, said, $quot;The centre would give tremendous synergy to the operations or the company as the client basket was common for both.$quot;
The German firm would have a 50% stake in the joint venture and Ellenbarrie will have a 41% stake.
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