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Nippon Piston Ring Co Ltd to Establish Joint Venture with China-based Company


Thursday, 8 Aug 2013 04:20am EDT 

Nippon Piston Ring Co Ltd announced that it will make its wholly owned subsidiary, a China-based company engaged in the manufacturing and sale of automobile parts such as valve seat, as a joint venture of the Company and a China-based company engaged in the manufacturing and sale of piston ring and internal combustion engine parts, effective October 2013. The Company and the China-based company will each hold a 50% stake in the joint venture. 

Company Quote

245.0
6.0 +2.51%
8:06pm EDT