ZF Steering Gear India has informed that with a view to prepare for establishment of second manufacturing facility for Auto Components, the Board of Directors of the Company 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 above information is a part of company’s filings submitted to BSE.
