Shriram Pistons & Rings (SPR) has executed a renewal of its Technical Collaboration Agreement with Fuji Oozx Inc., Japan for a period of five years effective from December 5, 2024. Technical Collaboration Agreement is for use of Know-How and Patents/ Trademarks to manufacture and sell Engine/Poppet valves for Internal Combustion Engine.
The Technical Collaboration Agreement is in place since last three decades and is an ongoing collaboration to service the automotive industry with the latest technology products thereby meeting the prevalent emission norms and also provide cutting edge technology products in India which are at par with the latest technology available globally. As a compensation, SPR is to pay Royalty to Fuji on specified sales. The present agreement is valid till December 2029.
Shriram Pistons & Rings (SPR) is one of the India's oldest and most reputed industrial houses, recognized by almost all OEMs of India and several OEMs in Europe and Asia.
