Anand India, Federal-Mogul sign new JV

Anand India and Federal-Mogul Powertrain, a division of Federal-Mogul Holdings Corporation on Monday announced that they have entered into an agreement to convert the sealing and piston ring businesses of Anand into joint venture operations.

“The JVs will be known as Federal-Mogul Anand Sealings India and Anand I-Power” a joint statement said.

In 1978, the companies began the joint operation of an engine bearings manufacturing facility in Parwanoo in Himachal Pradesh,

“We have had a long-standing strategic partnership with Anand India for several decades. The symbiotic relationship has helped to establish us as a leading supplier of bearings in India,” Federal-Mogul Powertrain, India VP and MD Andreas Kolf said.