Tata AutoComp forms JV with Katcon Global in Mexico for composite materials
Systems Ltd, an
automotive components
manufacturer, has partnered with
Katcon Global
in Mexico to manufacture advanced composites, with a focus on serving the
North American market
. Katcon Global, headquartered in Monterrey, Mexico, is a leading supplier of exhaust systems, thermal insulation, and lightweight composite solutions for the transportation industry.
The joint venture will specialise in
lightweight applications
for passenger and commercial vehicles, agricultural tractors, off-road vehicles, and specialised non-automotive segments, the joint statement said.
Arvind Goel, Vice Chairman of Tata AutoComp Systems Ltd., said: 'This joint venture marks a significant milestone for Tata AutoComp, as it is the first time we are entering a partnership where we are contributing the core technology—what we see as a reverse model compared to our previous alliances. We are proud to lead the technology front in this forward-looking collaboration.'
Adding to this, Carlos Turner, CEO of Katcon, stated: 'This joint venture reflects our shared commitment to innovation and excellence, and reinforces our focus on enabling the future of mobility through advanced materials.'
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