National News Arvind Kapur is new ACMA President Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s auto component manufacturing industry, at its 51st annual session on September 6, 2011 announced the change in guards with Arvind Kapur, Managing Director, Rico Auto Industries Ltd
(L-R): Arvind Kapur, Vinnie Mehta, Surinder P Kanwar
taking over as the new President and Surinder P Kanwar, Chairman & Managing Director, Bharat Gears Ltd as the Vice President for the term 2011-12. Speaking on ACMA’s work priorities for the coming year Kapur said, “It is a matter of great pride to be the President of ACMA at a juncture when the auto component industry in India is gearing up to take head-on the multiple challenges it faces, owing to the dynamics of the global and domestic markets.” Vinnie Mehta, Executive Director, ACMA said, “We are pleased to have Arvind Kapur on board as the ACMA President, an industry veteran, with vast exposure to the auto industry. We are also delighted to have Surinder P Kanwar as
our Vice President, another respected leader from our industry. Further, the new ACMA Executive Committee comprises some of the prominent leaders from the auto component sector. We look ahead to their active engagement and contribution.”
MTE enters into JV with Escofier MTE Indsutries Pvt Ltd, the country’s leading manufacturer of thread rolling machines and Escofier, the world leader in the manufacture of gear rolling machines, spline rolling machines, thread rolling machines, thread rolling dies, are now starting a Joint Venture (JV) for the manufacture of incremental spline rolling dies and rack rolling dies in Hyderabad. MTE
(L-T): Jayasimha Reddy, CEO & S Reddy, MD, MTE Industries; R V Chandravadan, Director, Rajiv Mission, AP Govt; Eric Michoux, President, Escofier SAS, France
has set up a world class infrastructure required for the manufacturing of these products over 9 acre of land in Dundigal. All the required machinery and inspection equipment installed at the facility is set to take the products to the international market. The name of
this JV is ‘MTE ESCOFIER Forming Technologies Pvt Ltd.’ Presently no manufacturer is manufacturing these products in India. This newly formed JV will contribute to import substitution. There is a lot of potential for these products in India as almost all the automotive companies are now importing these products. The shares are equally distributed between both the companies.
Electrotherm to double steel-casting machine production by 2012 Electrotherm (India) Ltd, which offers customised steel-making machinery
to secondary steel industry, expects to produce 100 units of its newly developed continuous casting machine (CCM) by 2012. Twenty projects based on the machine are already underway, and around 30 more would be completed by the end of the year. The CCM would be suitable to small manufacturers as its cost is relatively lower (` 1.5-2 crore) compared to existing options, which costs around ` 2-4 crore. The company also expects to export 30 per cent of the machines to markets in Africa, West Asia and SAARC countries. The company’s equipment are used in 3,400 installations, accounting for 16 million tonne of steel production capacity.
October 2011 - MODERN MACHINE TOOLS
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