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Amtek Auto floats JV

Amtek Auto has signed 3rd JV for high level next generation engine components.The group has entered into 50:50 Joint venture with Belgian Gear Manufacturer VCST

The JV will come up at a separate plant closer to the Pune site.The new facility will cater to both domestic & export requirements.The name of the New Entity will be Amtek VCST.Initially the JV company will have capacity to produce 1.5 million components for exports only .In the next phase capacity will be added to meet domestic demand also.The shipment of components is likely to start by Feb 08.The JV will focus mainly on components like gears & shafts for auto & off road applications


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