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Johnson Lifts raises stake to over 80% in Toshiba JV, aiming to strengthen its position in India's premium elevator and escalator market.
Johnson Lifts now holds over 80% of Toshiba Johnson Elevators India, becoming majority shareholder.
KEY POINTS
- The newly restructured company will take over all business responsibilities previously managed by TJEI.
- JLPL–TJEI now represents 20% of India's elevator market and 30% of the escalator market.
- TJEI will remain the exclusive Indian partner for Toshiba-branded elevators and escalators, with TELC providing technical support.
COMPANIES
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