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Home arrow News arrow Alliances and Joint Ventures arrow Stone India & Sumitomo Electric, Japan to manufacture Air Springs in India
Stone India & Sumitomo Electric, Japan to manufacture Air Springs in India Print E-mail
Written by Subash   
Tuesday, 16 February 2010
Mumbai: Stone India Ltd and Sumitomo Electric Industries, Japan signed an understanding effective from February 15, 2010, to enter into a Joint Venture in a Phase wise manner to locally manufacture Air Springs in India.

This process will start with Stone India exporting metal parts of Air Springs to Sumitomo Electric Industries, Japan and will finally culminate in a Joint Venture between the two companies in near future.

Stone India Ltd had executed a Technical Collaboration agreement with Sumitomo Electric Industries, Japan in Nov 2007 for selective manufacturing and assembly of Air Spring systems for Railways in India.

Subsequently Stone India commenced bulk supply of Air Springs to Indian Railways.

The Company earlier had entered into a separate agreement with Tokai Rubber Industries, Japan, a subsidiary of Sumitomo Electric Industries for supply of Conical Springs for Primary Suspension system of Railways.

This will help the Company to provide complete end-to-end solution of Pneumatic Suspension System to Railways through supply of Primary, Secondary, Suspension products and pneumatic control system with in-built failure detection device.

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