Dynamatic Technologies has received an approval for the divestment plan for the future of auto divisions of the company and has directed the management to execute the following plan. The board of directors at its meeting held on February 28, 2018 has approved for the same.
The board approved the divestment of JKM-Auto division situated at Irrangattukottai, Sriperumbudur, Tamil Nadu; Aluminium Foundry division situated at Irrangattukottai, Sriperumbudur, Tamil Nadu and Wind farm property situated at Coimbatore, Tamil Nadu.
Simultaneously, the board also directed to take steps to ensure that JKM Ferrotech becomes a 100% subsidiary of JKM Erla Automotive (JEAL), which is also the holding company of Eisenwerk Erla, GmbH.
Dynamatic Technologies is the largest producer of Hydraulic Gear Pumps in Asia and one of the top five worldwide. The company designs and builds highly engineered products for Automotive, Aeronautic, Hydraulic and Security applications.
