Uncategorized

Isgec and Hitachi Zosen enter into JV [May 2012]

India’s Isgec Heavy Engineering announced joint venture with Japan’s Hitachi Zosen Corporation and set up Isgec Hitachi Zosen Ltd. for manufacturing specialised and critical process equipment. The new company has a shareholding pattern of 51 per cent (Isgec) to 49 per cent (Hitachi Zosen Corp). Isgec Heavy Engineering is a leading supplier of process equipment globally and Hitachi Zosen Corporation is a major Japanese engineering corporation. Isgec Hitachi Zosen will utilise manufacturing facility of Isgec located at Dahej in Gujarat. The capital for the new company is pegged at Rs. 100 crore.

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Most Popular

To Top