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Home arrow News arrow Alliances and Joint Ventures arrow Camfil Farr and Anand Automotive establish joint venture company in India
Camfil Farr and Anand Automotive establish joint venture company in India Print E-mail
Written by Viswanath   
Wednesday, 11 June 2008
New Delhi: Camfil Farr has established a new company in India - Camfil Farr Air Filtration India Limited - through a joint venture agreement with the Anand Automotive Systems Group, which Camfil Farr has collaborated with for many years. The new company has acquired the business of the Anand company Anfilco Limited.

The Camfil Farr Group holds a substantial majority in the new company, which now operates as Camfil Farr Air Filtration India Limited.  Anand  will continue as a JV partner in this venture

"ANFILCO has been a Camfil Farr licensee for gas turbine air filters and filtration equipment for locomotive diesel engines for a number of years. As Camfil Farr Air Filtration India, the new subsidiary will serve as a bridgehead for the Camfil Farr Group to expand into the local Indian market," comments Johan Ryrberg, Executive Vice President and CFO of the Camfil Farr Group. "Due to our past solid relations and co-operation with the Anand Group, we considered it a natural strategic step to invest in a joint venture and take over ANFILCO's operations. We look forward to developing our business in India."

Camfil Farr Air Filtration India's production plant and offices are based in Gurgaon, close to Delhi.

The acquisition represents the Camfil Farr Group's entrance into the south-central Asian market. Initially, Camfil Farr Air Filtration India Limited will be integrated within Camfil Farr Power Systems, representing 17 percent of Group sales.

 
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