Tube Investments inks JV with Japanese firm

PTI Chennai | Updated on November 23, 2017 Published on July 12, 2013

Murugappa group company Tube Investments of India (TII) has entered into a joint venture agreement with Tsubamex of Japan, which designs and manufactures sheet metal stamping dies for the automotive industry and white goods sector.

The 50:50 joint venture in India between TII and Tsubamex will be called TI Tsubamex Ltd. The company will be incorporated with an overall share capital of Rs 7 crore, said a press release.

The joint venture will engage in large sheet metal stampings die design and engineering for the automotive and white goods sectors.

Published on July 12, 2013
This article is closed for comments.
Please Email the Editor