As part of its foray into railcars, auto component major Amtek has entered into a strategic pact with Missouri-based American Railcar Industries (ARI). The JV has been signed through Amtek Transportation Division, a subsidiary of Amtek Auto.
The JV, which will be owned 50% by an ARI subsidiary and 50% by Amtek Transportation Division, is expected […]
Amtek Auto Ltd has entered into an MoU to set up a 50:50 joint venture with American Railcar Industries, a designer, manufacturer and marketer of a variety of railcars in North America.
The signing of MoU is part of the Amtek Auto?s strategy to diversify by setting up the company?s Amtek Transportations Systems division and this […]
Auto parts makers in India are expected to turn in modest profit growths in Oct-Dec, after a hardening rupee pressured margins, and sluggish domestic and US auto sales hit off-take. Most firms are expected to report 10-20 per cent net profit growth, while sales expanded by a quarter on an average, a poll of brokerages […]
Auto ancillary company Amtek Auto on Tuesday said it acquired UK-based J L French’s (Witham) Ltd for an undisclosed amount to expand its customer base and product portfolio.
In a communique to the Bombay Stock Exchange, Amtek Auto said it has acquired the entire assets of J L French’s (Witham), engaged in manufacturing HPDC Aluminium for […]
The Gurgaon-based forging firm, Amtek Auto, has acquired the entire assets of the UK-based J L French’s (Witham), a company engaged in manufacturing high pressure die casting (HPDC) aluminium for automotive application, for an undisclosed sum.
French’s current sales revenue is $60 million with 60 per cent capacity utilisation. The facility has 18 HPDC lines having […]
Amtek Auto’s acquisition of an aluminium casting business lends scale to its own die-casting business. UK-based JL French (JLF) makes high pressure die-casting aluminum (HPDC) used by auto companies. This facility currently makes a variety of aluminum castings for auto majors like Land Rover, Jaguar, Ford and PSA (Peugeot). More
Courtesy:economictimes.indiatimes.com
Auto parts maker Amtek Auto Ltd is close to buying an aluminium foundry in the UK from J L French Automotive Castings for an enterprise value of about $40 million, two sources close to the deal said on Thursday. More
Courtesy:economictimes.indiatimes.com