IMAP is pleased to announce that Essel Mining & Industries has acquired Pro Minerals Private Limited for an Enterprise Value of circa INR 4.5 billion (~USD 65 million).
Pro Minerals was established in 2010 as a joint venture between heavy industrial machinery company Hari Machines and investment company Jyotirmoyee International.
With more than 20 years of track record, Szkaliczki has grown into a dominant player in the field of logistics tray manufacturing, supplying the automotive and electronics industries.
Production continues to be stopped at Volvo Cars factory in Skövde and only a few employees are in place. But you see positive signs from China, which means that plans to start the business after Easter as planned.
