Auto component groups launch Indian joint venture

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: August 9, 2013 12:23 pm ET
Updated: August 9, 2013 12:25 pm ET

Related to this story

Topics Joint Venture, Automotive, Injection Molding

Spanish automotive components maker Grupo Antolin and its Japanese partner Kasai Kogyo have launched their joint venture Antolin Kasai-Tek (AK-Tek) parts plant in Chennai, India.

The operation, to produce mainly vehicle door panels and plastic parts for Renault-Nissan group, is a result of a strategic partnership formed by the two suppliers last year. It is aimed specifically at serving the needs of the Franco-Japanese car giant around the world.

An official plant opening ceremony was carried out jointly by Burgos-based Antolin group's vice president Ernesto Antolin and Kasai Kogyo president Kuniyuki Watanabe.

The 50:50 AK-Tek joint venture, located in India's Tamil Nadu state near one of three existing Antolin car parts facilities, was launched with capital of 10 million euros. It is expected to achieve sales of around 9.3 million euros by 2014.

Antolin's principal aim in entering the supply alliance is to increase its global turnover, particularly in plastics part production, as well as responding to a clear customer request, it said. The alliance is being run from Grupo Antolin's base in Shanghai.

The partners are planning to establish similar production joint ventures in countries where they are already present including Mexico, Brazil, China and Russia.

Meanwhile, in line with its policy of getting closer to its customers, Grupo Antolin is expanding a just-in-time modular headliners plant it set up in Spain last year to serve the Ford Motor Co.'s Valencia car plant in Almussafes.

The Antolin facility is located in Ford's Rey Juan Carlos I supplier park close to the conveyor or tunnel that transports the headliners in sequence to the car giant's assembly plant.

An initial line at the JIT unit started in October 2012 supplying Ford Kuga headliners and it launched a second assembly line there for the Ford C-Max. This one was transferred from Antolin-Autotrim to be closer to the Ford conveyor.

The JIT plant will soon get a third line with the arrival of Ford Transit Connect project resulting from the Ford Europa restructuring program, according to Antolin.


Comments

Auto component groups launch Indian joint venture

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: August 9, 2013 12:23 pm ET
Updated: August 9, 2013 12:25 pm ET

Post Your Comments


Back to story


More stories

Private equity firm buys majority share of truck accessory maker

July 31, 2014 10:30 am ET

A majority share of Ann Arbor, Mich.-based truck accessory manufacturer Tectum Holdings Inc. has been acquired by Boston-based private equity firm TA ...    More

Spain's ITC Packaging acquires Coveris rigids plant

July 31, 2014 9:59 am ET

International packaging group Coveris Holdings has sold its Spanish business Coveris Rigid Spain, including an injection molding plant, to the...    More

Image

Tessy investing $10 million in new plant, infrastructure

July 30, 2014 4:57 pm ET

Tessy Plastics Corp. continues to buy factory buildings in upstate New York — acquiring a 112,000-square-foot former Honeywell building in...    More

Image

Magna expanding interiors site in Slovakia

July 29, 2014 1:47 pm ET

Magna International Inc. plans to nearly double the size of its manufacturing facility in Trnava, in western Slovakia, to accommodate new automotive...    More

Image

One51 adding injection molder Straight to its bin molding portfolio

July 29, 2014 10:12 am ET

Dublin-based One51 plc has had its purchase of British trash bin maker Straight plc cleared by the United Kingdom's Competition and Markets Authority.    More

Market Reports

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events