vishnuvega
03-12-2007, 06:42 PM
Wausaukee Composites mc, USA (WCI), a downstream subsidiary of Gujarat-based Sintex Industries, has acquired Nero Plastics Inc, USA. With the acquisition, the group's market share in the US electrical business will go up to 30% from the present 11%.
Sintex had acquired Wausaukee Composites mc, USA (WCI) six months ago.
Founded in 1980, Michigan-based Nero Plastics Inc is a custom molder of low- and medium-volume structural plastic and composite components and has two facilities. Its customer base includes Caterpillar, Motor Coach Industries and Kenworth worth Truck. Caterpillar contributes to around 65% of its sales, and is also a major customer of WCI.
Sintex had acquired Wausaukee Composites mc, USA (WCI) six months ago.
Founded in 1980, Michigan-based Nero Plastics Inc is a custom molder of low- and medium-volume structural plastic and composite components and has two facilities. Its customer base includes Caterpillar, Motor Coach Industries and Kenworth worth Truck. Caterpillar contributes to around 65% of its sales, and is also a major customer of WCI.