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Home arrow News arrow Auto component arrow Sekisui Chemical sets up JV for Vehicle Components Molding Business in India
Sekisui Chemical sets up JV for Vehicle Components Molding Business in India Print E-mail
Written by Ganesh   
Wednesday, 10 August 2011
New Delhi: Japan's Sekisui Chemical Ltd. has formed a joint venture company with Dipty Lal Judge Mal Private Limited, to manufacture Injection moldings for the automotive sector

The JV - Sekisui DLJM Molding Private Limited - will have a capital Rs. 1 million, employing approximately 230 people, with two production facilities in Uttar Pradesh and Rajasthan. The Rajasthan Plant will make Fenders for two-wheelers. Its production and sales start in August 2011, with the aim of sales reaching three billion yen by FY2013.

The JV is head quartered in Delhi and has an ownership ratio of 51% - Sekisui Chemical and 49% - Dipty Lal Judge Mal Private Limited. Sekisui Techno Molding Co. Ltd., a 100% subsidiary company of Sekisui Chemical, will supervise the operations of the joint venture.

The JV will cater to the Japanese two-wheeler and four-wheeler manufacturers in India.

Dipty Lal Judge Mal Private Limited is involved in the production and sales of Injection moldings for home appliances and vehicle components. Established in 1984, the company has a capital of around Rs 22.5 million and employs approximately 860 people. It recorded sales of approximately Rs. 1.85 billion in FY2010.

DLJM continues to grow smoothly in the fields of home appliances and vehicle components as an injection mold manufacturer and sales company, and in the field of vehicle components in particular, has a proven track record of delivering to Japanese manufacturers, and is planning to expand deliveries further in the future.

 
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