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Bosch Group and Germanys Mann & Hummel GmbH have entered a joint venture to set up a manufacturing facility to produce fuel filter systems for the Indian as well as exports markets. They plan to produce oil, fuel, air, and cabin filters as well. The Rs 35-crore plant will be located in Tumkur, Kamataka. Production of filters is expected to start by middle of next year. The joint venture company would develop and manufacture the products for automotive markets, and for industrial applications with technology assistance from Hummel & Mann. The two companies signed an agreement under whi they would share the ownership equally, through their subsidiaries Robert Bosch Investment Nederland B V and Motor Industries Company Ltd (MICO) and Mann & Hummel Filter Pvt Ltd, a subsidiary of Mann & Hummel GmbH.
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| Posted : 9/1/2005 |
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