Woco extends links with Sumi Motherson group of India

New Delhi–Woco group has reportedly set up a joint venture with Indian wiring harness manufacturer, Motherson Sumi Systems Ltd. Initially, the venture is controlled by the Indian partner, but financial plans given in the Hindu Business Line indicate that Woco will soon own two-thirds of the equity in the joint venture.

The venture has a provisional name: Woco Motherson Advanced Rubber Technologies Ltd and is likely to make rubber-to-metal components and rubber-to-plastic parts aimed for export to car makers in Europe and China. The plant, located…

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