MRP AutoRub inks JV with US firm MDI
Chennai-based MRP AutoRub, a rubber based auto-component manufacturer has inked a JV with US-based rubber and plastic moulded and extruded parts manufacturer Molded Dimensions (MDI).
The 74:26 JV will set up a unit for producing moulded products worth Rs15 crore annually, at a new facility to be set up at an investment of approximately Rs4 crore near Chennai. Products from the new facility will be sold to MRP’s traditional customers and MDI’s customers in India and later abroad too.
MDI, which has two manufacturing units in USA, supplies to 300 customers spread across sectors like telecom, energy, medical and aerospace in US and Europe.