Companies

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
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