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AMTEK AUTO LTD. (AMTEKAUTO) - COMPANY HISTORY

Amtek Auto Group was built up with the consolidation of the lead organization, Amtek Auto in 1985. From that point forward, it has developed quickly and risen as a leader in the worldwide car segment industry with an overall nearness crosswise over North America, Europe, and Asia. Amtek's assembling abilities incorporate Iron and Aluminum Castings, Forgings, Complex Machining and Ring Gears Flywheel Assembly.

Amtek Auto produces segments, for example, interfacing bar congregations, flywheel ring apparatuses and gathering, guiding knuckles, suspension and directing srms, CV joints, crankshaft gatherings and torque joins. It is sponsored by in– house plan and advancement offices occupied with growing new item and procedures.

Amtek Group is a main worldwide producer of car parts and congregations with creation offices found deliberately crosswise over North America, Europe and Asia. The Group's broad assembling capacities envelop Sub congregations, Iron, Gravity and Aluminum Castings, Forgings, Complex 
Machining and Ring Gears Flywheel Assembly.

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AAL went into a joint wander with Benda Kogyo of Japan to frame Benda Amtek in 1997 for assembling of flywheel ring gears found Gurgoan. Afterward, in 1999 the organization entered a JV with Ateliers de Siccardi to shape Amtek Siccardi for assembling crankshafts at Manesar. In 2001 the organization gained auto part producing firm Wesman Halverscheidt Forgings. That year it likewise procured Indsil Auto segments Coimbatore (India).

In 2002 the company established an iron casting facility at Bhiwadi. The same year AAL acquired 14.8% equity stake in Ahmednagar Forgings. The next year in 2003 the company acquired an additional 20% stake in Ahmednagar Forgings.

In 2006 the company formed 50:50 JV with Canada based Magna Power train to commence manufacturing facility for 2–piece flex plate assemblies for automotive applications. It also established a new manufacturing facility at Dharuhera (India) the same year.

Keeping in mind the end goal to fabricate broke associating bar modules organization entered JV with Magna Powertrain to frame MPT Magna India.The organization set up another assembling office at Sanaswadi, Pune for manufacturing, throwing and machining in the time of 2007. That year it procured Triplex– Ketlon Group– which was among the biggest car exactness machining organizations and it additionally had nearness in UK.

In February 2008, the organization shaped 50:50 joint wander with American Railcar Industries to expand by the setting up of the organization's Amtek Transportations frameworks division. In June 2008 Amtek Transportation Systems wound up auxiliary of AAL

CLICK HERE : Amtek Auto Stock Price

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