April 8, 2008 -- Victor Reinz India Pvt Ltd, a joint venture between Reinz Dichtungs GmbH, Germany and the Pune-based Jayant Group, is setting up a greenfield manufacturing unit at Talegaon in Pune to manufacture multilayer steel cylinder head gaskets, secondary gaskets and heat shields for the automotive segment in the country.
This is the first time that Victor Reinz products would be manufactured in India and the Indian partner would be the exclusive manufacturer, marketing the range of products under the Victor Reinz brand name in the country. The manufacturing unit would be spread over a five-acre plot and would have a built up area of 120,000 sq. ft. The joint venture would be investing a total of Rs 40 crore in two phases, the first being operational from the first quarter of 2009. When fully operational, by 2011, the plant would have a capacity of two million units per year.
Abstracted from Business Line
