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Tipco Engineering Ties Up with Germany's LexaMix to Manufacture Specialized Machinery; Shares Up 5%

-- Tipco Engineering India (BOM:544740) has collaborated with Germany's LexaMix to manufacture specialized machinery catering to the cosmetics, pharmaceutical, and food processing industries, according to a BSE filing on Wednesday.

Under the pact, the company will manufacture process machinery on behalf of LexaMix, targeting key geographies, including Europe, South America, the Middle East, and India.

This collaboration will help the company to position itself as a global manufacturing company.

The company's shares were up nearly 5% in recent trade.

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