India lighting supplier negotiating with new JV partner

By Satnam Singh
Correspondent

Published: September 10, 2013 2:39 pm ET
Updated: September 10, 2013 2:41 pm ET

Related to this story

Topics Automotive, Injection Molding, Joint Venture

BAHADURGARH, INDIA — Neolite Group would soon finalize a new joint venture partner for the automotive lighting business, according to JV’s managing director.

Neolite has had a JV agreement with Austria’s ZKW (Zizala Lichtsysteme GmbH) since 2007. But the Austrian partner is now more focused on the larger market in China, said Rajesh Jain, managing director of Neolite ZKW Lightings Pvt Ltd., at the company’s Bahadurgarh plant, near Delhi.

ZKW owns a 26 percent stake in the JV.

Jain said Neolite hopes to finalize a deal with a new partner in the next two months.

ZKW is a major supplier to BMW, which sold 296,000 cars in China in 2012, but only 9,375 in India.

“The five-year-long venture started when the Indian auto market was booming,” Jain said.

Meanwhile, Neolite plans to build a new auto lighting plant in western India.

“We are considering setting up a new plant in Pune in the next couple of years,” Jain said.

Neolite has four facilities, with three in auto lighting and one for home lighting.


Comments

India lighting supplier negotiating with new JV partner

By Satnam Singh
Correspondent

Published: September 10, 2013 2:39 pm ET
Updated: September 10, 2013 2:41 pm ET

Post Your Comments


Back to story


More stories

Image

Gerresheimer opens first development center in China

October 24, 2014 1:34 pm ET

Medical molder Gerresheimer AG has launched a development center for medical plastic systems in Dongguan, China.    More

Image

SRG opens second China auto parts factory

October 24, 2014 11:25 am ET

U.S. automotive supplier SRG Global Inc. said Oct. 23 it is opening its second plant in China, an injection molding, plating and painting facility in ...    More

Image

Toyoda Gosei's growth strategy places a big focus on North America

October 23, 2014 1:21 pm ET

Sometimes, knowing your weaknesses is just as important as knowing your strengths. And if 2014 is any indication, automotive supplier Toyoda Gosei Co....    More

Image

Ford's final ACH plant, injection molder of HVAC systems, to close

October 22, 2014 1:58 pm ET

Ford Motor Co. will shed the last line of business in 9-year-old Automotive Component Holdings LLC by December when ACH closes its Plymouth, Mich.,...    More

Image

Comar merging with Convergence Packaging

October 21, 2014 5:07 pm ET

A couple of plastic packaging companies owned by private investment firm Graham Partners are merging into a single entity.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

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 analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

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

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