On February 7, 2025, Samvardhana Motherson shares were in focus, reaching a day high of ₹139.25. The gain in Samvardhana Motherson shares came after the company announced a strategic partnership with Sanko Japan, a leader in material handling solutions such as sustainable packaging solutions. This partnership marks the company’s another step to become a globally preferred sustainable solutions provider.
The joint venture between Samvardhana Motherson and Sanko aims to improve material handling efficiencies while reducing overall logistics costs. By combining Sanko’s engineering expertise and innovation with Motherson’s extensive presence across India and Europe, the partnership seeks to offer innovative and sustainable solutions for both automotive and non-automotive industries.
Commenting on this development, Mr. Vivek Chaand Sehgal, Chairman Motherson, said, “We are excited to announce that this partnership with Sanko is a strategic, synergistic diversification for our Group. We believe that reimagining packaging as an engineered solution versus a simple commodity can bring immense logistics, cost, and value efficiencies to supply chains. More importantly, we see this collaboration as another way to support our customers in achieving their sustainability goals.”
Commenting on this development, Mr. Toshihiko Goto, President Sanko, said, “We are delighted to create a strategic partnership with Motherson, which can contribute to our expanding business globally. We believe we can contribute more to Motherson’s and our valuable customers by combining Motherson’s strong global presence and our long experience and rich expertise in the sustainable packaging solution business.”
Founded in 1951, Sanko is Japan’s No.1 manufacturer of plastic material handling products. It is also a prominent player in the sustainable packaging solutions business, serving a wide range of industries. Sanko is renowned for its strong engineering capabilities and in-house technical center dedicated to designing products that are durable, reusable, and fully recyclable.
Samvardhana Motherson International Limited (SAMIL) is one of the world’s leading specialised automotive component manufacturing companies for OEMs. The company is focused, dynamic, and progressive, providing customers with innovative and value-added products, services, and solutions. With a diverse global customer base of nearly all leading automobile manufacturers globally, the company supports its customers from more than 400 facilities across 44 countries in five continents.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Feb 7, 2025, 1:13 PM IST
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