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Tube Investments of India Ltd Signs Joint Venture With Tsubamex


Tuesday, 16 Jul 2013 06:59am EDT 

Tube Investments of India Ltd announced that it has concluded a Joint Venture agreement with Tsubamex of Japan, a designer and manufacturer of sheet metal stamping dies for the automotive industry and white goods sector. The joint venture in India between the Company and Tsubamex, to be incorporated as TI Tsubamex Ltd will be a 50-50 venture. The Company will be incorporated with an overall share capital of INR70 million. The JV will target sheet metal stampings die design and engineering. Under the JV, engineers will undergo theoretical and practical training at Tsubamex, Japan. The training will cover die design and process engineering and will prepare the design engineers to independently handle assignments at the JV in India. 

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267.95
-1.9 -0.70%
22 Aug 2014