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

Image

Ohio molder Denbro Plastics moves to new location

September 29, 2014 6:17 pm ET

Logo products injection molder Denbro Plastics Co. has moved to another plant within Toledo, Ohio, to streamline production and improve efficiency.    More

Image

Japan's parts makers face challenges as carmakers expand supply base

September 29, 2014 11:01 am ET

For all their size and success, Japanese auto suppliers that rocketed to global dominance on the coattails of their No. 1 customer, Toyota Motor Corp....    More

Image

Nypro Healthcare continues to grow following Jabil acquisition

September 26, 2014 1:59 pm ET

Nypro Healthcare's newest medical device manufacturing facility offers 200,000 square feet of carefully configured Class 8 clean room molding and...    More

Image

Cascade founder believes business can be a place for real change

September 25, 2014 11:06 am ET

Companies can make a difference in a person's life, and Fred Keller, founder of Cascade Engineering Inc., believes it is important that they do.    More

Image

Deal combines two Minnesota molders

September 25, 2014 3:00 pm ET

Imperial Plastics Inc. has extended its injection press tonnage with the acquisition of another Minnesota custom molder.    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events