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Corporate - Alliances & Joint Ventures


Rico Auto signs pact with Italian Co

Our Bureau

New Delhi , June 22

Auto ancillary company, Rico Auto Industries Ltd said on Thursday that it would get technological assistance from Italy-based Teksid Aluminium to develop aluminium engine blocks and heads, required for a new generation of engines. A licensing and technological assistance agreement to this effect was signed between the two companies, Rico Auto said. Teksid, which is a supplier to almost all vehicle producers in the world and has operations in Italy, France, Poland, USA, Mexico, Argentina, Brazil and China, is a pioneer in these technologies.

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