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CEAT INKS DISTRIBUTION PACT WITH ITALY'S PIRELLE

DEC 2015- For RPG Enterprises' flagship CEAT, life's come full circle, with the second largest two-wheeler tyre company in the country forging an exclusive distribution partnership with premium Italian tyre maker, Pirelli. The latter, at one point, was the owner of CEAT - Cavi Electrici e Affini Torino SpA, as it was known before becoming popular through the abbreviated version of its name. Pirelli was earlier being distributed by Celite and Ralson in India, but the Italian tyre maker was keen on a partner with a strong distribution network.



GRP TO ENTER INTO JV PACT WITH ITALY-BASED COMPANY

NOV 2015- GRP, a leading reclaimed rubber manufacturer of India, will enter into a joint venture agreement with Marangoni SpA, Italy. The latter is a leading international company which owns technical knowledge relating to the precured retreading process used for tyres. It will now do the business of commercial vehicle tyre retreading in India. The total estimated investment will be ₹2 crore, which will be contributed equally by both the partners.



KABRA, PIOVAN FORM JOINT VENTURE IN INDIA

JULY 2015- Kabra Extrusiontechnik Ltd (KET), a part of Kolsite group, has entered into a 50:50 joint venture with Italy-based Penta SRL, a Piovan Group company that is engaged in manufacturing and distribution of auto feeding systems. This is the first joint venture established by Penta as Piovan Group has been operating through subsidiaries across the world. The JV company, which is proposed to be named as Penta Systems India Ltd, will set up a plant for manufacturing and trading (including the supply of after-sales services) of auto feeding systems for the plastics and food processing industries.