Lumax Industries opens design centre in Taiwan
The Dollar Business Bureau India’s automotive lighting solutions company Lumax Industries Limited has opened its state-of-the-art design centre in Taiwan to boost its design competencies. The new centre was inaugurated by D K Jain, the Group Chairman of Lumax Industries. This is a strategic move towards the self-reliant initiatives of the company and will enable the company to offer at competitive designing cost. The new centre is a testimony to its healthy business partnership ties with Taiwan over a period of 36 years. The centre would act as a springboard for the company in running businesses with Japan, South Korea and Mainland China in the coming years. Taiwan provides various benefits to the company that include strategic location, wide supply chain network, industrial ...
Indian auto parts maker to enter defence market with Italian firm
The Dollar Business Bureau Sourcing products and services from the joint venture company can help organisations in meeting their offset obligations arising out of major deals in the defence sector, says Anmol Jain, Managing Director, Lumax Delhi-based Lumax Auto Technologies on Thursday announced its entry into the aerospace and defence sector by setting up a joint venture with Italian firm SIPAL S.p.A. “The proposed JV is expected to become operational in FY 2017 and will be a full service provider for all type of integrated logistic support engineering having a strong knowledge and experience in technical publishing, product / manufacturing engineering, process engineering, design and manufacture of toolings, design of systems of production lines related to the aerospace, defence & ...
