Rico Auto signs tech deal with Teksid Aluminium

Rico Auto has signed a licensing and technological assistance agreement with Italy-based Teksid Aluminium to develop aluminium engine blocks and heads to be produced with high and low pressure die cast, gravity and lost foam processes.

According to a release issued by Rico to the BSE today, Teksid, with operations in Italy, France, Poland, USA, Mexico, Argentina, Brazil and China, is a pioneer in these technologies, and is a leading supplier to almost all vehicle producers in the world.