Exports Ltd, a multi-product manufacturers and exporter
of automobile components to OEMs in the US and Europe
and China's Fuwa Engineering Company Ltd., will set up
a joint venture in India to manufacture trailers, trailer
axles and other components.
will set up a subsidiary under the proposed name of ANG
Fuwa Ltd, at an investment of $6 million, in which the
Chinese company will hold 10.5 per cent of the equity
and have one director on its board. ANG says commercial
production is expected commence in the next one year.
Exports Ltd is a large manufacturers and exporter of products
for trailer axles, transmission and air-brake components
like anchor pins, rollers and axle spindles and different