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 joint venture will be part of that new division which signals a major entry by Amtek into this market. More
Courtesy: www.indiacar.net
Archive for the 'Amtek Auto' Category
Amtek to float joint venture with US company
Published February 23rd, 2008 in Amtek Auto. 0 CommentsAuto parts companies seen posting modest profits
Published January 18th, 2008 in Amtek Auto. 0 CommentsAnalysts tracking the sector pick export-oriented Amtek Auto and Motherson Sumi Systems, and niche domestic leaders such as Sona Koyo Steering Systems and Exide Industries, as top performers. Some other domestic market focussed firms, such as Sundram Fasteners and Sundaram Clayton, are likely to see profits fall by around a tenth on sluggish auto sales.
More
Courtesy:www.indiacar.net
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 automotive application.
More
Courtesy:www.indiacar.net
French’s current sales revenue is $60 million with 60 per cent capacity utilisation. The facility has 18 HPDC lines having the capacity to generate sales of $120 million. More
Courtesy:www.indiacar.net
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
