ZF Steering Gear to acquire Industrial Plot on lease of 99 years

ZF Steering Gear (India) Ltd. | Auto Ancillary | Automobiles | BSE: 505163 | NSE: ZFSTEERING

04 Nov 2015 Evaluate

In a bid to prepare for establishment of second manufacturing facility for Auto Components, ZF Steering Gear India’s board has decided to acquire an Industrial Plot offered by State Industries Promotion Corporation of Tamilnadu (SIPCOT), on a lease of 99 years, at its Industrial-park at Vallam-Vadagal, Chennai, Tamilnadu. The company is in a process to complete the formalities relating to the acquisition of the Plot.

The company is Pioneer in Manufacturing and Supply of Ball and Nut Integral Hydraulic Power & Worm and Roller Mechanical Steering System in India and having joint venture with ZF Lenksysteme GmbH.

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SamvardhanaMotherson	164.50
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