Sundaram-Clayton has executed a Business Transfer agreement with Sandhar Ascast for the sale of the high-pressure and low-pressure aluminium die-casting businesses at its Hosur plant to Sandhar Ascast (formerly known as Sandhar Tooling) a wholly owned subsidiary of Sandhar Technologies, as a going concern on a slump sale basis.
Sundaram-Clayton (SCL) is one of the largest auto components manufacturing and distribution group in India. SCL is a leading supplier of aluminium die castings to automotive and non-automotive sector.
