Indian, Larsen & Toubro to Sell Injection Moulding Machines Business to Toshiba Machine

september 4 2012

Engineering conglomerate Larsen & Toubro will sell its plastics machinery business to Japan's Toshiba Machine as part of its strategy to exit non-core business and rationalize its portfolio. L&T subsidiary L&T Plastics Machinery manufactures and markets injection moulding machines, and reported a gross revenue of Rs 206 crore and net profit of Rs 11 crore in 2011-12. This unit is a very small part of the Rs 71,000 crore company's business and would have no significant impact on its financials. The deal is likely to be completed by September and would entail the transfer of 250 employees of L&T Plastics Machinery.

As a strategy, L&T has in the past, sold its non-core businesses such as petrol pump vending machines and cement businesses. It has also exited joint ventures such as L&T-CASE Equipment.

Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Market Research Reports

Aerospace & Defense [52]
Chemical [263]
Composites & Advanced Materials [167]
Construction & Industrial [72]
Consumer and Retail [142]
Economic Analysis [86]
Energy & Utility [73]
Finance & Services [10]
Healthcare [79]
Media & Entertainment [16]
Metals & Mining [17]
Technology & Telecommunication [164]
Transportation [141]

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Lucintel Insights in News

Follow us on