INDIA: Anand and Federal-Mogul Powertrain set up JV
Anand India and Federal-Mogul Powertrain, say they have entered into an agreement to convert the sealing and piston ring businesses of Anand into joint venture operations.
Anand India and Federal-Mogul Powertrain, say they have entered into an agreement to convert the sealing and piston ring businesses of Anand into joint venture operations.
The new joint ventures will be known as Federal-Mogul Anand Sealings India and Anand I-Power.
In 1978, the companies began the joint operation of an engine bearings manufacturing facility in Parwanoo, Himachal Pradesh, India known, since 2008, as Federal-Mogul Bearings India.
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