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BRIEF-Lumax Autotechnologies signs JV agreement with Francisco Albero S.A.U.
August 24, 2017 / 10:24 AM / 4 months ago

BRIEF-Lumax Autotechnologies signs JV agreement with Francisco Albero S.A.U.

Aug 24 (Reuters) - Lumax Autotechnologies Ltd:

* Signed JV agreement with Francisco Albero S.A.U., Spain to manufacture and supply oxygen censors to Indian automotive industry

* Says co will own the 51 pct of the joint venture company

* JV co to make initial investment of 140 million for installed capacity of 2 million oxygen sensors; production expected to commence from early 2019 Source text: (bit.ly/2w7mS6y) Further company coverage:

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