Airo Lam Limited Establishes Wholly Owned Subsidiaries in USA and Poland for International Expansion
Airo Lam limited has expanded its global footprint by incorporating two new wholly owned subsidiaries outside of India: Airolam USA LLC, established in the United States of America, and Airolam EUROPE, incorporated in Wroclaw, Poland. Both entities are focused on the trading of plywood and laminates.The creation of these international presences aims to bolster the company's global outreach, particularly into North American and European markets.
Details of Airolam USA LLC
Airolam USA LLC is a wholly owned subsidiary established in the United States. Its primary objective is to expand Airo Lam Limited’s presence in the North American market and strengthen its international sales and distribution network. The entity operates within the trading industry for plywood and laminates, along with other ancillary products and activities.Key operational details regarding Airolam USA LLC are summarized below:
| Particulars | Details |
|---|---|
| Name of Entity | Airolam USA LLC |
| Industry | Trading of plywood and laminates and other ancillary products/activities |
| Capital Structure | 20,000 Shares at a face value of USD 10 per share |
| Ownership Acquired | 100% of shares held by the Company (Wholly Owned Subsidiary) |
Details of Airolam EUROPE
Airolam EUROPE is a wholly owned subsidiary set up in Wroclaw, Poland. This entity is intended to expand Airo Lam Limited’s international presence and strengthen its access to the European market. Similar to its US counterpart, the company specializes in trading plywood and laminates and other ancillary products/activities.Details pertaining to Airolam EUROPE are as follows:
| Particulars | Details |
|---|---|
| Name of Entity | Airolam Europe S.P Z.O.O |
| Industry | Trading of plywood and laminates and other ancillary products/activities |
| Capital Structure | 100 shares at a face value of PLN 50 per share |
| Ownership Acquired | 100% of shares held by the Company (Wholly Owned Subsidiary) |
AIROLAM Stock Price Movement
As of 10:58 AM, Airo Lam limited sheds 1.36% in live trading, currently sitting at ₹90.6 as the stock declines from its previous close. The equity has seen a volume of 336 shares so far into the market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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