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TPR Co Ltd to Establish Joint Venture with Federal-Mogul Corporation's Subsidiary
TPR Co Ltd announced that TPR Co Ltd and Federal-Mogul Corporation will establish a joint venture, TPR Federal-Mogul Tennessee, Inc., which will be engaged in manufacturing and sales of cylinder liner for automobile engine, based in Tennessee, United States, in May 2012. TPR America Inc., a wholly owned subsidiary of TPR Co Ltd, and Federal-Mogul Powertrain, Inc., a wholly owned subsidiary of Federal-Mogul Corporation, will hold a 53.9% stake and 46.1% stake in the joint venture respectively.
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