Everest Kanto arm forms wholly owned subsidiary in Hungary

India’s Everest Kanto Cylinder has informed that the company’s wholly owned subsidiary, EKC International FZE, Dubai has formed a wholly owned subsidiary in Hungary by the name of EKC Hungary Ltd.

Further EKC Hungary Ltd. has formed a wholly owned subsidiary in U.S.A. by the name of CP Industries Holdings, located in McKeesport, Pittsburgh, U.S.A.

CP Industries, which is a division of Reunion Industries Inc., manufactures and sells large seamless pressure vessels for the containment and transportation of pressurized gases and is a global leader in this business.

Together EKC Hungary Ltd and CP Industries Holdings, Inc shall be acquiring all the assets of CP Industries.