Morgan Stanley India invests ₹180cr in LEAP
January 21, 2021 Morgan Stanley India Infrastructure has made an investment of ₹180 crore to acquire a stake in Leading Enterprise in Advanced Pooling (LEAP).
Founded by Sunu Mathew in 2013, LEAP is a pallet pooling company with an asset pool of approximately 4 million units including pallets, foldable large containers, crates and utility boxes.
LEAP primarily caters to fast moving consumer goods (FMCG), consumer durables, beverages, e-commerce, retail, auto and auto-component manufacturing sectors.
The timber pallets and plastic utility boxes are used by companies in FMCG and beverages sectors. Automotive OEMs and component suppliers use FLCs and crates. LEAP provides these assets on lease and helps in integrating the supply chain across suppliers, manufacturers, 3PL service providers and retailers. LEAP caters to 600+ customers and 7000+ touch-points from a pan-India network of 18 warehouses.
Jiangsu Guoqiang s 2020 Annual Sales Revenue Surpassed 20 Billion yuan, a Record High
LIYANG, China, Dec. 16, 2020 /PRNewswire/ As of December 16th, 2020, Liyang, Jiangsu Guoqiang Galvanization Industrial Company (hereinafter as JSGQ) surpassed 20 billion yuan annual sales revenue, the company s highest in its 22 year history.
As a prominent company in China s galvanization steel industry, JSGQ s main businesses cover 3 areas: new energy, traffic safety protection and building materials. As China s famous brand, it has been on the list of China s Top 500 Private Enterprises for 17 consecutive years, and is also the only solar mounting structure company on this list. The annual capacity of hot-dip galvanization has reached 3 million tons.