Tata International, a manufacturer and exporter of leather and leather products and GST Autoleather Inc have entered into an agreement to form a joint venture (JV) company to supply leather products to the automotive industry.
The new JV company would be headquartered here, with operations in Dewas. Products made at the plant would be directly supplied to the original equipment manufacturers.
Noel N Tata, Managing Director, Tata International and Dennis Hiller, President and CEO, GST AutoLeather, Inc. Said in a joint statement, “At closing, this joint venture brings together two great companies with a long heritage in the leather business. TIL, with its deep experience in producing leather for the Indian market and GST’s global automotive experience brings together two companies that share common values and a relentless pursuit of excellence,”
The new company would be known as TATA International GST Auto Leather Limited. The formation of the company is expected to occur within the next 60 days.
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