Federal-Mogul Anand Sealings India and Anand I-Power
Published On: 26th November, 2017
Federal-Mogul Powertrain and ANAND Group India announced the formation of two new joint ventures.
ANAND India and Federal-Mogul Powertrain (a division of Federal-Mogul Holdings Corporation) announced that they have entered into an agreement to convert the sealings and piston rings businesses of ANAND into joint venture operations. The new joint ventures would be known as Federal-Mogul Anand Sealings India Limited and Anand I-Power Limited. Federal Mogul’s state-of-the-art technology, R&D capabilities, global customer base and technically-advanced manufacturing operations and ANAND’s access to a sizeable local customer base and supplier network, would ensure a bright future for the joint ventures.
