India's Neolite forms alliance with Hella

By Satnam Singh
Correspondent

Published: March 31, 2014 12:07 pm ET
Updated: March 31, 2014 12:30 pm ET

Related to this story

Topics Asia, Automotive, Injection Molding

NEW DELHI — Indian auto lighting firm Neolite ZKW believes it has finally found a long-term partner through a strategic alliance with Europe’s Hella KGaA Hueck & Co.

The alliance signed earlier this year will help Neolite make “significant in-roads” in the auto lighting business, especially with European carmakers expanding into India, said Rajesh Jain manager director of Neolite during an interview with Plastics News at Auto Expo 2014 in New Delhi.

Hella, based in Lippstadt, Germany, has had a presence in India since 1959. Neolite of Bahadurgarh, India, has been seeking a European connection since an earlier joint venture with Austria’s Zizala Lichtsystems GmbH ended.

The Austrian company wanted to focus more on its growth in China.

In India, Neolite and Hella plan to set up a new plant in Pune eyeing European carmakers.

“We would likely to have new plant in Pune by first quarter of 2016,” Jain said. Meanwhile the company is renewing its efforts and holding talks with key automakers having production facilities in Pune like Tata Motors, Volkswagen, Murati & Mahindra, General Motors Co. and two wheeler company Piaggio.


Comments

India's Neolite forms alliance with Hella

By Satnam Singh
Correspondent

Published: March 31, 2014 12:07 pm ET
Updated: March 31, 2014 12:30 pm ET

Post Your Comments


Back to story


More stories

Image

Baxter investing $300 million to expand dialyzers production in Alabama

August 29, 2014 12:53 pm ET

Baxter International, Inc. is expanding its Opelika, Ala. manufacturing location to boost production of dialyzers, a key component of hemodialysis...    More

Image

Obituary: Jerry Williams, Prism Plastics co-owner

August 29, 2014 8:50 am ET

Williams founded Prism Plastics with Rod Bricker and Gerry Phillips, after the three left Huron Plastics Group in 1999.    More

Image

Haitian's standardization efforts paying off

August 29, 2014 9:53 am ET

Streamlined design efforts and robust export sales helped propel Ningbo, China-based injection molding machine manufacturer Haitian International...    More

Polish injection molder Teknorubber up for sale

August 29, 2014 9:14 am ET

Polish plastic parts maker Teknorubber has been put up for sale following its insolvency filing in March 2014. The company is to be auctioned through ...    More

Image

Concours adding equipment as mold making business booms in Mexico

August 28, 2014 2:05 pm ET

Concours Mold Inc. is heading for a 50 percent increase in sales in Mexico this year after a $4 million upgrade of its plant in Huejotzingo, in the st...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

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

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