The Chennai-based Integral Component Manufacturers Pvt Ltd (ICMPL), a leading manufacturer and supplier of high precision machined automotive components in India and Nishiura Seiko Co Ltd, a over 75 year old automotive components and specialized machines manufacturing company from Japan, have signed an agreement to form a new company ‘Indo Nippon Precision Components Pvt Ltd' under a joint venture (JV) arrangement.

The JV will see ICMPL & Nishiura holding an equal 40% share each and the balance 20% equally shared by Round Inc (Japan) and ADM Technologies (India), thus making it a 50-50 Indo-Japanese partnership.

ICMPL's 48000 sq ft infrastructure with state of art high precision parts manufacturing facility with a competitive edge will be leveraged by the joint venture with the expertise of Japanese technology in manufacturing critical components for Engines, Transmission, Brakes, Gear Boxes, Chassis Parts using the lean manufacturing Japanese principles of Nishiura in small automated production systems.

Indo Nippon Precision Components Pvt Ltd will cater to the requirements of Japanese Original Equipment Manufacturing (OEM) companies and automotive components manufacturing companies established for their India and other overseas operations including Japan. In addition the JV will be working on opportunities with Indian manufacturers to implement technology related to manufacturing small automation systems to make the Indian companies more competitive globally.

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