AUTOLEC FORGES TIE-UPS WITH GLOBAL MAJORS
Article Abstract:
Autolec Industries Ltd (AIL) of Chennai, which manufactures automotive water and oil pumps and an OEM supplier, has signed technical tie-up agreements with three global players. The first one is an agreement with FF SEM/SAM (FSS) of France and Italy, water and oil pump manufacturers in Europe. The second is a tie-up with MTU, a Lira company of Italy and manufacturer of mechanical seals in Europe and OEM supplier to Europe and the US. The tie-up with FSS will give AIL the access to the sophisticated design and development facilities of FSS. Apart from this, the it also provides for buy-back arrangements through which certain pumps, which are currently manufactured by FSS in low volumes, can be sourced from AIL. The tie-up with MTU will provide for updating system process and SQCs and training of AIL personnel in Italy. A few months of back, AIL had signed another deal with NSK of Japan for the manufacture of water pump bearings. AIL is looking forward to bring out world standard products at competitive prices. It is expecting a turnover of Rs90 crore during 1998-99 (Rs82 crore in 1997- 98). (um)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SPL TO ENTER TRACTOR, LCV SEGMENTS
Article Abstract:
Samkrg Pistons Limited (SPL), producer of pistons and rings for the automobile sector, plans to extend its product range to cater to the tractor and light commercial vehicles (LCVs) segments. The manufacturing capacity of pistons assemblies will be enhanced from two million units to three million units at a cost of Rs7 crore. In 1998-99, the pistons rings capacity will be enhanced from five million to 7.5 million numbers and will be further increased to 10 million numbers at a cost of Rs10 crore. (gsh)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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