LATI and LOXIM announce the creation of a strategic joint venture aimed at strengthening the presence of both companies in the Indian market for engineering plastics. This agreement follows the spin-off of LOXIM’s Engineering Compounds division and the formation of a new entity, LATI-LOXIM Thermoplastics Private Limited, jointly established by both companies.
Founded in Italy in 1945, LATI is one of the leading European producers of high-value-added engineering thermoplastics. Present in over 30 countries, LATI stands out for the quality of its solutions in the E&E, appliance, automotive, and industrial sectors. It is a Benefit Corporation, committed to generating a positive impact on the environment, people, and the community.
Founded in 1977, LOXIM Industries Limited is a diversified Indian manufacturer with businesses in engineering plastics, specialty chemicals, and pharmaceuticals. Based in Sanand, Gujarat, its engineering plastics division operates state-of-the-art manufacturing facilities with an annual capacity of 20,000 tons. LOXIM is known for its ethical approach, market agility, and commitment to sustainability, with a well-established footprint in the automotive, electronics, and industrial segments. The company maintains a growing international presence with offices in India, USA, Germany, and Singapore.
The new company will combine LATI’s technological know-how, as a European leader in highperformance technopolymers, with LOXIM’s strong local presence, well-established position in the automotive and electrical markets, and extensive business network across India. LOXIM operates with an annual production capacity of 20,000 tons and has a prominent presence in the industrial district of Sanand (Gujarat). This robust manufacturing base will enable the joint venture to efficiently address the growing demand in the E&E, household appliances, automotive, and emobility sectors.
“We are proud to embark on this journey with LOXIM,” said Michela Conterno, CEO of LATI. “This joint venture is born from a deep alignment of values: attention to people, work ethic, innovation spirit, and sustainability. By combining our technical expertise with a solid local production presence, we will be able to offer advanced solutions with the same level of quality and service that has always set us apart.”
Singhi Advisors, that in this occassion was supported by Ethica Group, Mergers Alliance partner in Italy, have completed 8 successive transactions in the EP compounds and 7 in the polymer processing space in India.
