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ASK Automotive Signs JV With Fras-Le, Brazil
Auto Components India
|January 2018
The Rs 1463 crore ASK Automotive (P) Ltd., a manufacturer of friction materials and Fras-le S.A. (a Randon Company), that makes friction material with a revenue of more than $380 million (Rs 2528 crore) have signed an agreement to establish a joint venture in India.
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According to the agreement, the companies plan to enter into a partnership to produce brake pads and linings for commercial vehicles to supply the OEM and IAM markets. The JV plans to invest more than Rs 100 crore over a period of 3 years and generate an employment of more than 900 people.
Dit verhaal komt uit de January 2018-editie van Auto Components India.
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