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 Joint Venture, Automotive, Injection Molding

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

Molder goes to auction block

October 17, 2014 12:17 pm ET

An Illinois custom injection molding operation will be auctioned off after its owner decided to close the business.    More

Image

Plastikon expanding in Kentucky

October 17, 2014 11:24 am ET

Automotive supplier Plastikon Industries Inc. plans to more than double the size of its production facility in Leitchfield, Ky.    More

Image

Chrysler's Busse has a surprise for you

October 16, 2014 6:00 am ET

Chrysler Group's interior design chief Klaus Busse and his team enjoy hiding what they call "Easter eggs" throughout Chrysler Group vehicles for...    More

Image

Yazaki expanding in Romania

October 16, 2014 6:36 am ET

Japanese car parts maker Yazaki Corp. has unveiled plans to open two new production facilities in Romania, reported local business daily Ziarul...    More

Image

Taiwan's machinery makers look to speed development of all-electrics

October 15, 2014 11:25 am ET

Taiwan's large plastics machinery industry faces a challenge — less than 10 percent of its equipment uses the more eco-friendly all-electric tec...    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