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ASK Automotive and FRAS-LE S.A. sign JV agreement in India · Endata

◂ Announcements

Dec 9, 2020PARTNERSHIPIndia, India

ASK Automotive and FRAS-LE S.A. sign JV agreement in India

ASK Automotive Ltd. and FRAS-LE S.A. signed an agreement to establish a joint venture in India for production of brake pads and linings for commercial vehicles, with plans to invest more than 1 billion rupees over three years.

Value

$15.6M (1.00B INR)

Status

Announced

Productsbrake padsbrake linings for commercial vehicles

CompaniesFras-le partner ASK Automotive partner

Sectors#Automotive Components

“ASK Automotive Ltd., a leading manufacturer of friction materials in India with a group turnover of more than 220 million USD, and FRAS-LE S.A. (a Randon Company), a leading manufacturer of friction material with revenue of more than 380 million USD and shares traded on the stock exchange (BOVESPA F”askfras-le.com

1 source
askfras-le.comBrief-ASK Automotive signs deal with FRAS-LE S.A. to establish JV in India - ASK Fras-le FrictionDec 9, 2020

Summarized from public sources; check the original articles before acting on it.

More from Fras-le

Sep 1, 2020ACQUISITIONCaxias do Sul, Brazil
Fras-le acquires Nakata Automotive
Fras-le acquirer Nakata Automotive target thebrakereport.com
Dec 17, 2019ACQUISITIONSão Paulo, Brazil, Brazil416 jobs
Fras-le acquires Nakata Automotiva for BRL 457 million
Fras-le acquirer Nakata Automotiva target fras-le.com
Jan 9, 2018ACQUISITIONSorocaba, São Paulo, Brazil
Fras-le acquires 80.1% stake in Federal-Mogul's Sorocaba brake plant
Federal-Mogul Holdings target Fras-le acquirer automotivebusiness.com.br aftermarketnews.com
Dec 7, 2017PARTNERSHIPIndia$15.6M
ASK Automotive and Fras-Le S.A. form joint venture in India
Fras-le partner ASK Automotive partner reuters.com
Dec 12, 2016PARTNERSHIPSorocaba, São Paulo, Brazil
Fras-le and Federal-Mogul form joint venture for brake products in South America
Federal-Mogul Holdings partner Fras-le partner automotivebusiness.com.br

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