Elgi Equipments' US unit develops JVC Gentex Air Solutions at $95,000
Fri, Jul 9, 2021 10:19 AM

Elgi Equipments' US unit develops JVC Gentex Air Solutions at $95,000

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Elgi Equipments' US subsidiary ‘Elgi Compressors USA Inc.’ established a Joint Venture company ‘Gentex Air Solutions, LLC’ as a North Carolina Ltd Liability Company, along with James Gery and Diego Hernandez. Elgi Compressors USA Inc. invested 95,000 USD at 1 USD per share (70,000 USD in Class A Shares and 25,000 USD in Class B Shares) for 33.33% stake in Gentex Air Solutions in this project.

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