Kabra Extrusiontechnik, a leading manufacturer of Plastic extrusion machinery in India, has entered into a 50:50 joint venture (JV) with Penta SRL, Italy, a company engaged in manufacturing and distribution of auto feeding systems.

Penta, a Piovan group company has 7 production facilities, 24 subsidiaries and70 distributors across the world. Penta's products and solutions are targeted to PVC dry blend manufacturers and compounders within the extrusion sector. Their product range include silos, storage units, debagging units, conveying systems, filters, sieves, pneumatic and mechanical extruder feeding, plant supervision systems.

Shares of the company gained Rs 0.85, or 1.13%, to settle at Rs 75.75. The total volume of shares traded was 10,567 at the BSE (Monday).