Register to Subscribe

JBM Auto Joint Venture with Magnetto Automotive S.P.A & Sandhar Technologies Print E-mail
Written by Ganesh   
Monday, 24 March 2008
Mumbai: JBM Auto Ltd has entered into a 50:50 Joint Venture with Magnetto Automotive S.P.A. (ITALY) for manufacture of Skin panels, body and under body, welded parts and sub systems for four wheeler OEMs in Pune region namely TATA, Fiat TATA, Volkswagon group Magnetto S.P.A (ITALY) is a major supplier of Upper and lower body structures, inner and outer pannels, doors and Lid systems. A new Joint Venture Company has been incorporated in the name of JBM Magnetto Automotive Pvt Ltd and facilities are established at Chakan, District Pune, Maharashtra.

Joint Venture Agreement with Sandhar Technologies Ltd: The Company has entered into a Joint Venture Agreement with Sandhar Technologies Ltd with 50:50 stake to form a consortium for Operating and maintaining the tool room and technical service centre of Pithampur Auto Clusters Ltd (PACL). Consortium of JBM Auto Ltd and Sandhar Technologies Ltd has been awarded the work of operating and maintaining the tool room and technical service centre of PACL at Hernia Khedi, AB Road, Tehsil Mhow, Distt. Indore, Madhya Pradesh as per the terms and conditions of the tender issued by PACL.

JBM Auto Ltd, Sandhar Technologies Ltd have formed a Joint Venture Company namely Indo Toolings Pvt Ltd and have entered into Operations and management Agreement with PACL for operating and maintaining a Tool Room and Technical service centre to be established by PACL at indore.

The Company was originally set up in the year 1990, mainly to manufacture Tools, Dies and Moulds at Faridabad. In the year 1993 the Company established a Press Shop for manufacturing of Sheet Metal Components and Welded Sub-assemblies to meet the growing stringent quality requirements of automobile industry. The company went for its first public issue in March, 1994.

Related news
More recent
Earlier on
< Prev   Next >


Mazak - The world's largest machine tool builder
JYOTI - India's most dynamic machine builder
TaeguTec - Cost effective tooling solutions




Subscribe to MACHINIST by Email


RSS 1.0
This site is best viewed with Firefox 2.0 or higher at a minimum screen resolution of 1024x768