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  • Amtek in 50 - 50 JV With Japan's Riken Corporation For Iron Casting Foundry

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    Amtek in 50_50 JV With Japan’s Riken Corporation for Iron Casting Foundry

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    Amtek in 50_50 JV With Japan’s Riken Corporation for Iron Casting Foundry

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    16 просмотров14 страниц

    Amtek in 50 - 50 JV With Japan's Riken Corporation For Iron Casting Foundry

    Загружено:

    Swati Arya
    Amtek in 50_50 JV With Japan’s Riken Corporation for Iron Casting Foundry

    Авторское право:

    © All Rights Reserved
    Скачайте в формате PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 14

    29/06/2016

    Amtekin50:50JVwithJapansRikenCorporationforironcastingfoundrytimesofindiaeconomictimes
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    Consumer'scorner

    NEWDELHI:AmtekIndiaLtd,thecountry'sbiggestiron
    castingcompany,hasformedanequaljointventurewith
    TokyobasedRikenCorporationtobuildanironcasting
    foundryatBhiwadiinRajasthan.
    Thejointventure,AmtekRikenCastingPvtLtd,will
    consolidateAmtek'sholdovertheironfoundrybusiness,a
    seniorcompanyexecutivesaid,addingthatthenew
    companywillinitiallyproduce15lakhironcamshaftsayear
    fortheautomobileindustry.
    ("AmtekandRikenareknown)

    "AmtekandRikenareknownforqualityautomotiveproductsandthisstrategicpartnershipbringscompelling
    valuetoourmanufacturingplatform,"saidJohnFlintham,seniormanagingdirectoratAmtekGroup."Riken
    Retail
    hasalongstandingandsuccessfultrackrecordofproducingengineandperformancecomponentsthat
    wouldbeleveragedforournewventure."
    ThejointventurewillrequireaninitialcapitalofRs25crore,whichwillbeprovidedbyAmtekthroughcash
    reserves,thecompanysaidinastatement.Thefoundryisscheduledtostartoperationsbythefourthquarter
    of2015.
    AmteksaiditsassociationwithRikenwillgiveitaccesstonewandefficient'shellmoulding'technologythat
    wouldstrengthenitspositionintheenginecamshaftsbusiness,acriticalperformancecomponentusedin
    manynewgenerationvehicles.

    Buildersmayhavetopay11%
    interestfordelayedprojects
    Thisisbeingseenasawelcomestepthatwill
    bringrelieftohomebuyersreelingunderthe
    impactofdelayedprojectsandmountingloan
    liabilities.

    RikenCorporationismainlyengagedinmanufactureandsaleofautomotivecomponents,industrial
    machinerypartsandotherproducts.BesidesJapan,itsmanufacturingplantsarelocatedinChina,Taiwan,
    Indonesia,Thailand,India,theUSandMexico.
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