India's Amtek in Joint Venture with FormTech for Forging Plant

New unit will serve India and Europe.

Indian auto components maker Amtek Auto Ltd has announced it has signed a joint venture agreement with Michigan's FormTech Industries LLC to set up a automotive forgings manufacturing unit. Amtek will take 51 percent in the venture.

The new facility, which will serve India and Europe, is expected to be operational in about 12-18 months, the company said.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish