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.

EDITORIAL OF THE DAY

  • Sebi’s decision to amend advertisement guidelines will have positive implication

    In its recent board meeting, capital market regulator, Securities and Exchange Board of India (Sebi) decided to amend the advertisement guidelines for

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Disequilibrium:The recriminations of the Princely Order

The independence and brutal partition of India was done and ...

Rajgopal Nidamboor

Of life’s essentiality and synchrony

It is no big deal to think of psychology as ...

Anil Dharker

No women, no Cry

EDM, as you would know if you are young, (and ...