Amtek Auto has signed a 50:50 joint venture (JV) agreement with Neumayer Tekfor GmbH for the manufacture of high precision fractured piston connecting rod assemblies and modules in India.According to a release issued by Amtek to the BSE today, Neumaver Tekfor GmbH, which is based in Hausach, Germany, is part of euro 380 million Tekfor group and employs 2,200 people. It has eight manufacturing facilities spread across Europe, USA & Brazil. The JV deal also includes a marketing agreement between the company and Neumayer Tekfor GmbH under which Tekfor will use its global presence for marketing the company's connecting rods in Europe and the Americas, the release added."Maruti Udyog has nominated this JV as the sole supplier for the fractured connecting rod modules for its diesel engine plant being set-up at Manesar with an annual installed capacity of 1,00,000 engines. It will be for the first time that an Indian company will be manufacturing fractured connecting rod with a laser beam fracturing technology," the release added.
