Aurangabad News | Discussions | Events - Page 7 - SkyscraperCity
 

forums map | news magazine | posting guidelines

Go Back   SkyscraperCity > Asian Forums > India > West > West/Central India Projects > Maharashtra


Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old January 31st, 2016, 11:18 AM   #121
fuwad
Registered User
 
Join Date: Apr 2009
Posts: 2,562
Likes (Received): 1365

Will bring an Auto giant to Marathwada : Industry Minister at IIM2

fuwad no está en línea   Reply With Quote
Sponsored Links
Advertisement
 
Old February 18th, 2016, 08:01 AM   #122
fuwad
Registered User
 
Join Date: Apr 2009
Posts: 2,562
Likes (Received): 1365

India Auto Show is coming up with its first New Car and Bike Show in the city of Aurangabad.

fuwad no está en línea   Reply With Quote
Old November 6th, 2016, 06:13 AM   #123
fuwad
Registered User
 
Join Date: Apr 2009
Posts: 2,562
Likes (Received): 1365

Kia Motors to invest in city

Chief minister is likely to make an official announcement in this regard during his visit to Aurangabad on Wednesday.

Korean suppliers to follow suit.
Kia Motors, a leading car producing company in the world, will bring in around 100 small/medium supplying companies to Aurangabad from South Korea, experts say. Biggest-ever foreign investment in Aurangabad. Kia Motors Corporation (KMC) — a Korean car producing giant and subsidiary of the Hyundai Automotive Group — has confirmed that it is going to set up its unit in the upcoming project of the Aurangabad Industrial City (Auric), at Shendra.
Chief minister Devendra Fadnavis is likely to make an official announcement in this regard during his visit to Aurangabad on Wednesday. LT

fuwad no está en línea   Reply With Quote
Sponsored Links
Advertisement
 
Old June 21st, 2018, 07:12 AM   #124
fuwad
Registered User
 
Join Date: Apr 2009
Posts: 2,562
Likes (Received): 1365

Varroc Group lines up Rs 900 crore for acquisitions & global expansion

The Aurangabad-based company said it has signed a binding agreement to buy a company in Turkey for Euro 42 million (Rs 336 crore)

Swaraj Baggonkar

Exterior lighting equipment major Varroc Engineering has lined up investments of nearly Rs 900 crore for acquisitions and setting up of manufacturing plants in India and abroad.

The Aurangabad-based company, which is coming out with its IPO next week, said it has signed a binding agreement to buy a company in Turkey for 42 million euros (about Rs 336 crore) which makes lighting equipment and generates an annual turnover of 50 million euros.

Varroc's two more plants are coming up in Brazil and Morocco each at a total cost of 63 million euros (about Rs 504 crore). And another one is being set up at Halol, Gujarat at a cost of Rs 35-40 crore where the company would serve the lighting needs of Hero Motocorp from September onwards.

In an interaction with Moneycontrol, Tarang Jain, managing director, Varroc Group said: "We have signed a binding agreement in Turkey. It's a 42-million euro acquisition. Good part about this acquisition is that our OEMs also want us to be in Turkey. So going to 100-million euro turnover wont be a problem. There will be further investment in Turkey also."

"We are putting up two more plants, in Brazil and Morocco to support VW and Renault-Nissan. In return, they will support us in US and European markets. Morocco, where we would invest 33 million euros and in Brazil we would do 30 million euros, put together would generate 100-million euro revenue in 3-4 years. Investment will be made over three years," added Jain.

There are presently 36 facilities of the company globally, including 26 in India. With the addition of four more, the total count would rise to 40 in the coming months. About 65 percent of the company's revenues comes from outside the country.

In addition, Varroc is getting into its 17th product in the two-wheeler parts space. In the light of implementation on Bharat Stage VI emission norms the company is getting into manufacturing of electronic fuel injection systems.

"We are getting into electronic fuel injection system, which will be our 17th product with a partnership with an Italian company. We will make catalytic converters to comply with emission norms too", added Jain.

https://www.moneycontrol.com/news/te...n-2605961.html
fuwad no está en línea   Reply With Quote
Sponsored Links
Advertisement
 


Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT +2. The time now is 05:06 PM.


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2019, vBulletin Solutions Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us