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Home > News > Corporate News

Piovan Group consolidates competitive position in India

Source:Adsale Plastics Network Date :2024-02-15 Editor :RC
Copyright: This article was originally written/edited by Adsale Plastics Network (AdsaleCPRJ.com), republishing and excerpting are not allowed without permission. For any copyright infringement, we will pursue legal liability in accordance with the law.

Piovan Group acquired a majority stake in Nu-Vu Conair Private Ltd. which strengthens its competitive position in India, one of the fastest growing markets in the industry.


Piovan_building Italy_480.jpg


Piovan Group acquires additional stake in Nu-Vu Conair.

 

The acquisition of an additional 1% equity stake in Nu-Vu Conair allows Piovan Group to reach a collective 51% stake and capture growth in packaging, automotive and construction markets.

 

The transaction aligns with the Group’s strategy to consolidate its position in India, localize production to increase penetration and market share, and provide support to local customers in India.

 

Another goal is to support the new local plastic recycling legislation by leveraging its leadership in specific technologies.

 

Nu-Vu Conair is active in automation solutions for manufacturing sector with high-level technical features, and production with technical polymers and industrial cooling solutions. Nu-Vu Conair owns over EUR 20 million in sales and a 150,000-square-feet production facility, which currently being expanded by an additional 80,000 square feet.


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Auxiliary equipment
India
Piovan
 Qingdao Saiwei Automation Equipment Co., Ltd      
 Changzhou Gomplast Rollers Co., Ltd      
 TIANJIN YIYUN RIGGING CO.,LTD      
 Wuxi Yuda Plastic Pipe Welding Machinery Factory      
 Walthmac Measurement & Control Technology Co.,Ltd.      

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