M.A Group exits JV with JBM Group
According to JBM Group, M.A Group decided to exit the JV as it wanted to concentrate more in the European market and hence wished to exit the Indian operations.
Date: February 18, 2018See Details >
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According to JBM Group, M.A Group decided to exit the JV as it wanted to concentrate more in the European market and hence wished to exit the Indian operations.
Date: February 18, 2018Pune/Italy– JBM MA Automotive Pvt Ltd of Pune, the joint venture between Italy-based Magnetto Automotive SpA and JBM Auto ltd manufactures and markets full body skin panels and major BIW parts for the auto industry. The company has announced that its Italian partner has sold its entire share in the company and offered to terminate the JV.
According to JBM Group, M.A Group decided to exit the JV as it wanted to concentrate more in the European market and hence wished to exit the Indian operations. Despite the exit, JBM Group has stated that the joint venture will continue its operations in the country.
Magnetto Automotive SpA is the Group company specialized in the production and assembly of structural parts, components, sub- assemblies and steel modules for the automotive sector. It is present in Europe, South America, Africa, Asia and today has 22 production plants and 3 research and development centers.
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