JMT Auto Signs MOU With Timken India for Dharwad Project Expansion

Resource from: CBCC Likes:2954

Feb 26,2008

JMT Auto Signs MOU With Timken India for Dharwad Project Expansion JMT Auto Ltd has informed BSE that the Company and M/s. TIMKEN INDIA MANUFACTURING PVT LTD has signed and entered into a new Memorandum of Understanding (MOU) on certain terms and conditions on February 21, 2008 for expansion of their existing project at DHARWAD, KARNATAKA specially set up for M/s. TIMKEN INDIA MANUFACTURING PVT LTD and also for investing of backward integration. JMT Auto Ltd., formerly known as Jamshedpur Metal Treat (JMT), is one of the leading Auto component manufacturers in Eastern region. JMT Auto Ltd has also informed that the Company has bagged order from giant Auto and Engineering Companies like VOLVO (Sweden) for high Precision Pins, EATON (USA) for Gears, Shafts, Hydraulic Pump Shafts. Company expects its business with international OEMS to increase by 200 % by 2007 - 08 and 100% in year 2008 - 09. The company identified Transmission Components as it's key business area and acquired core competency in manufacturing products like Transmission Gears, Engine Gears, Gear Box Assembly, Carrier Assembly, Shafts, Rear Axle Shafts, Synchro Rings, Seal were Rings, Synchronising Cone, Fly wheels, Drums, Housing Pipes, Spindles and Pins. Later on, based on specific market/customer needs, the company also started producing Sheet Metal Parts, Rocker Lever Assembly, Bushes, fabrications & other automotive components.

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