Time Technoplast Forms Step-Down Subsidiary in UAE

MT Newswires Live

2025/05/20

Polymer products manufacturer Time Technoplast (NSE:TIMETECHNO, BOM:532856) has incorporated a step-down subsidiary named Elan Steel Container (FZC) in Sharjah, United Arab Emirates, according to a Monday filing to the Indian stock exchanges.

The new entity is a subsidiary of ELAN Incorporated FZE, a wholly owned arm of the company.

The new company has been formed to set up a greenfield metal drum manufacturing facility in the Middle East, to serve the growing demand in the chemical, petroleum, solvent, and construction sectors.

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