Tata AutoComp, Katcon form JV to make advanced composites for North America

Automotive component maker Tata AutoComp Systems on Thursday said it has formed a strategic joint venture with Mexico- headquartered Katcon Global to manufacture advanced composites for the North American market. Tata AutoComp, in a statement, said the venture will specialise in lightweight applications for passenger and commercial vehicles, agricultural tractors, off-road vehicles, and specialised non-automotive segments.In the venture, Tata AutoComp said, it brings technological leadership and customer relationships, while Katcon contributes operational excellence, regulatory expertise, and strong local execution capabilities.

The latest joint venture is a significant step aligned with both companies’ strategic vision to expand their global footprint and serve global customers through advanced, sustainable materials.

Source :KATCON GLOBAL /The economic times