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ILPRA SpA ( (IT:ILP) ) has shared an announcement.
ILPRA SpA has entered a joint venture with Mosaiko Holding S.r.l. to establish TI WRAP S.r.l., focusing on horizontal heat sealing machines. This strategic move aims to enhance ILPRA’s product offering and strengthen its position in a competitive market by leveraging the expertise of both ILPRA and T.L.M. S.r.l., a company with extensive experience in heat sealers.
More about ILPRA SpA
ILPRA SpA is a prominent player in the packaging industry, specializing in the production and sale of machinery for packaging food, cosmetic, and medical products. Founded in 1955, the company offers a diverse range of machines, including heat sealers, fillers, thermoformers, and more. Known for its innovative approach, ILPRA invests heavily in R&D, developing cutting-edge technologies like the patented ProGas technology. With over 20,000 machines sold and a strong international presence, ILPRA generates a significant portion of its revenue from overseas markets.
YTD Price Performance: -8.00%
Average Trading Volume: 6,138
Technical Sentiment Signal: Buy
Current Market Cap: €49.72M
See more insights into ILP stock on TipRanks’ Stock Analysis page.