Samvardhana Motherson Global Carriers Limited (SMGCL), a wholly-owned subsidiary of Samvardhana Motherson International Limited, has incorporated a new subsidiary named Motherson Sanko Sustainable Packaging Products Limited (MSSPPL) on May 15, 2025.
This incorporation is in furtherance of a joint venture agreement (JVA) with Sanko Co. Ltd., Japan, as disclosed on February 7, 2025.
MSSPPL will engage in designing, developing, marketing, manufacturing, and distributing plastic packaging materials and moulded products related to material handling solutions, including pallets, crates, and containers.
The cost of acquisition is ₹5,00,000.
Initially, SMGCL will hold 100% of the share capital of MSSPPL.
Subsequently, as per the JVA, the shareholding will be: SMGCL - 51% and Sanko - 49%.