Mahindra group firm forms JV with Japanese Tsubaki

Tags: Companies
Mahindra Conveyor Systems, a leading supplier of material handling equipment and systems, has formed a joint venture with Japan's Tsubakimoto Chain Co, as the partners eye various global markets including Europe and Middle East.

"Tsubaki and MCS already have an existing tie-up for technical know-how and Tsubaki has now gained majority (51 per cent) holding in MCS, to assist it in making inroads into new markets in Asia, Africa, the Middle East and Europe," Mahindra Conveyor Systems (MCS) said in a statement.

MCS will now be renamed as Mahindra Tsubaki Conveyor Systems Pvt Ltd, it added.

"Our partnership with Tsubaki in MCS is an opportunity to service our customers more efficiently and brings together talented technical and management teams," Mahindra Partners Division Executive Vice-President & Managing Partner Zhooben Bhiwandiwala said.

Tsubakimoto Chain Co Senior Advisor, Yohei Kataoka said the joint venture will now enable the entity to carry out large scale manufacturing and sale of equipment for supplies not only in India but to markets in Asia, Africa, the Middle East and Europe.

"We will also actively invest in people and technology for growth of the joint venture," he added.

MCS, which is a part of the Mahindra group, specialises in supply of bulk material handling equipment and systems to cement and other process industries. The company has recently diversified into supply of unit handling systems comprising of conveyors for auto and auto component manufacturing.

Osaka-based Tsubakimoto Chain Co manufactures various products including power transmission units and components, and automotive timing chain drive systems.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • State-owned banks can ride technology surge to penetrate retail segment

    For the first time in recent history, two large private sectors banks, ICICI and Axis have reduced their headcounts.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Roopen Roy

Livability as a competitive advantage

Some CEOs and policymakers argue forcefully that distance is of ...

Rajgopal Nidamboor

The submarine element of your mind

We are all aware of the power of our will ...

Gautam Gupta

Retailers have it tough, thanks to e-commerce

For the past few months our focus has been on ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture