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Corporate
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Alliances & Joint Ventures
Anand Group, Swedish co venture
New Delhi, May 27
Anand Automotive Systems has entered into a joint
venture with the Sweden-based Camfil Farr. The
new company would be known as Camfil Farr Air
Filtration India Ltd, which is a merged entity with the
Anand group company, Anfilco Ltd. "Camfil Farr group
holds a substantial majority in the new company, which
now operates as Camfil Farr Air Filtration India Ltd.
Anand will continue as a joint venture partner in this
venture," said a company statement. "Anfilco has been a
Camfil Farr licensee for gas turbine air filters and
filtration equipment for locomotive diesel engines for a
number of years. 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," said Mr
Johan Ryrberg, Executive Vice-President and CFO of the
Camfil Farr Group. Initially, the new company will be
integrated with the Camfil Farr Power Systems. - Our
Bureau
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