Birla buys 100% stake in JV firm

Yash Birla Group has acquired 100 per cent stake in joint venture Birla Perucchini. The stake is bought from Italy-based Fonderia Perucchini. The new company will be called Birla AccuCast.
 
In a statement issued by the company, Murali Cherat, CEO, Birla AccuCast, said: “The company is also looking to double its shell moulding capacity, once the economic situation is more favourable." The company currently has an installed capacity of 6000 metric tonne per annum.
 
Birla AccuCast is a foundry that produces shell moulded ferrous castings, straddling the entire spectrum of nodular, vermicular and Grey Cast Iron, for automotive, hydraulic and engineering industries. Its customers include global automotive giants such as Bosch, Cummins, Knorr-Bremse, Magna, Husco and Eaton.