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Enkei Wheels India to form JV company

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Capital Market
Last Updated : Nov 27 2019 | 5:50 PM IST

To reprocess metal scraps

Enkei Wheels India has entered into agreement on 27 November 2019 to form a joint venture with the main objects of, inter alia, manufacturing, importing/ exporting, processing of primary and/ or secondary metal, metal scrap recycling and selling of aluminium alloys in molten and ingot form.

EWIL is manufacturing alloy wheels, metal scraps get generated in manufacturing process. Reprocessing of these metal scraps is currently outsourced, which will be recycled by JV company. This reprocessed metal scraps will be used in manufacturing of alloy wheels which will save time and cost.

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First Published: Nov 27 2019 | 5:29 PM IST

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