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.

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