Japan's Shinryo Corporation to Acquire GMP Technical Solutions

Japan's Shinryo Corporation to Acquire GMP Technical Solutions

24 Jul, 2024

Japan's Shinryo Corporation to Acquire GMP Technical Solutions

Shinryo Corporation, a $1.7 billion Japanese HVAC giant, will acquire an 85% stake in India's GMP Technical Solutions Pvt Ltd, a leading manufacturer of cleanroom partitions. The deal, valued at Rs 185 crore, marks Shinryo's expansion into the Indian market. GMP, owned by Vascon Engineers Limited, specializes in cleanroom, modular partition, and HVAC solutions for the pharmaceutical and semiconductor sectors. This acquisition is Shinryo's latest move following its purchase of Suvidha Engineers India in 2018, highlighting its commitment to growing its presence in India’s HVAC industry. 

Related News

Japan Demands Swift US Tariff Talks to Ease Business Woes

24 Apr, 2025

Japan is pressing the United States for swift action regarding…
Read More
Mitsubishi Chemical Plans Exit from PET Bottle Business by 2026

14 Apr, 2025

The decision of Mitsubishi Chemical Corporation to leave the PET…
Read More
Japanese Businesses Stay Optimistic Despite Upcoming Tariff Challenges

03 Apr, 2025

Large Japanese businesses remained optimistic in the first quarter despite…
Read More
Japan Business Leaders Meet PM Modi to Strengthen Trade Relations

28 Mar, 2025

Prime Minister Narendra Modi held discussions with a high-powered delegation…
Read More
Japan's Business Confidence Drops in March Amid Tariff, China Concerns

20 Mar, 2025

Japan’s business confidence weakened in March, with manufacturers’ sentiment turning…
Read More
Japan-India Partnership Expands with Green Hydrogen and Cultural Ties

13 Mar, 2025

Japan’s Yamanashi Prefecture is strengthening its partnership with India through…
Read More

Interview

© 2025 Business International News. All rights reserved | Powered by Cred Matters.