MARUBENI TO EXPAND INDIAN OPERATIONS

Article Abstract:

Marubeni, a trading firm of Japan, plans to increase the range of operations of its 100 percent subsidiary, Marubeni India Pvt Ltd, to include investing in infrastructure projects. It plans to execute projects on a turnkey basis apart from procuring and supplying equipment. It is also seeking permission to represent products and services of other foreign companies in India. The company also plans to set up showrooms, warehouses and service centres in India. (khr)

Comment:

Plans to increase range of operations of its 100% subsidiary, Marubeni India, to include investing in infrastructure projects

Nonbuilding Construction, Highway, Street, Bridge, and Tunnel Construction, Construction industry, Heavy construction, Marubeni Corp., Marubeni India Private Ltd.

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HAYES INCREASES STAKE IN KALAYANI LEMMERZ TO 85%

Article Abstract:

Hayes Lemmerz International of the US has hiked its stake in Kalyani Lemmerz Ltd which is its joint venture with the Kalyani group of Pune. Hayes has increased its stake by 60 percent to 85 percent. Kalyani Lemmerz Ltd (KLL) manufactures steel automotive wheels for heavy and other vehicles. The plant located at Chakan near Pune has an installed capacity of 450,000 steel wheels. It is planning to enhance capacity to one million steel wheels.(uh)

Comment:

Hikes stake in Kalyani Lemmerz of India from 60% to 85%

Auto Wheels, Motor Vehicle Metal Stamping, Automotive wheels, Hayes Lemmerz International Inc., Kalyani Lemmerz Ltd.

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