TATA AUTOCOMP AND KATCON GLOBAL FORM STRATEGIC JOINT VENTURE IN MEXICO FOR COMPOSITE MATERIALS
This collaboration builds upon a 13-year successful partnership between Tata AutoComp and Katcon in India, particularly in the field of exhaust systems and emission after-treatment solutions. In this new venture, Tata AutoComp brings its technology leadership and customer relationships, while Katcon contributes operational excellence, regulatory expertise, and strong local execution capabilities.
The 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.
Commenting on the joint venture, Mr. 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. Our Composite Division, recently recognized with the prestigious Deming Award, brings proprietary technology, including patented formulations and in-house capabilities for composite compounds and sheet manufacturing. We are proud to lead the technology front in this forward-looking collaboration."
Adding to this, Mr. Carlos Turner, CEO of Katcon, stated:
"By combining Katcon's advanced composite technologies with Tata AutoComp's deep industry expertise, we are well positioned to deliver innovative, lightweight solutions that address the evolving needs of the North American automotive market. This joint venture reflects our shared commitment to innovation and excellence, and reinforces our focus on enabling the future of mobility through advanced materials."
About Tata AutoComp Systems Ltd.
Tata AutoComp Systems Ltd., a part of the Tata Group, is a leading provider of automotive components and solutions, serving global OEMs across passenger vehicles, commercial vehicles, electric mobility, two- and three-wheelers, tractors, off-road, industrial segments, and the aftermarket. Established in 1995, the company specializes in design, development, manufacturing, and supply of innovative automotive solutions.
Tata AutoComp is at the forefront of the EV transformation journey, actively developing components for next-generation electric vehicles (EVs). With a workforce of over 20,000 employees and operations spanning 18 Business Units, including 9 Joint Ventures with leading global auto-component firms, Tata AutoComp has a robust international presence, operating across India, North America, Latin America, Europe, and China, with 61 manufacturing facilities worldwide.
About Katcon Global
Katcon Global, established in 1993 and headquartered in Monterrey, Mexico, is a leading supplier of exhaust systems, thermal insulation, and lightweight composite solutions for the transportation industry. Known for its innovation and customer-centric approach, Katcon serves leading OEMs worldwide through its manufacturing and R&D facilities across North America, Europe and Asia.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Global News
4 hours ago
- Global News
U.S. company Lyten interested in purchasing Northvolt battery plant in Quebec
Lyten, an American company, has announced it hopes to purchase the Northvolt battery plant in Quebec. This comes after the company shared Thursday it entered into a deal buy Northvolt's assets in Sweden and Germany. The acquisition includes the Northvolt Ett, Ett Expansion, and Northvolt Labs facilities in Sweden, as well as Northvolt Drei in Germany. Lyten will also acquire all of Northvolt's remaining intellectual property. The value of the transaction has not been disclosed. The San Jose, Calif.-based company now has its sights set on Quebec. In its press release announcing the acquisition of the Swedish and German assets, it said it's 'committed to pursuing the acquisition' of the Northvolt Six project in the Montérégie region. The $7-billion factory is expected to be built between Saint-Basile-le-Grand and McMasterville. Story continues below advertisement 'Lyten is actively progressing discussions with Northvolt North America, the Government of Canada, the Government of Québec and other key local stakeholders,' the company wrote Thursday in a statement. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy The U.S. company, founded in 2015, currently manufactures lithium-sulphur batteries in the Silicon Valley and markets them to the drone and defence markets. The company's takeover in Sweden and Germany follows its purchase of another Northvolt plant in Poland in early July, and the Swedish company's product portfolio and intellectual property for battery energy storage systems weeks later. In November of 2024, Lyten also acquired Northvolt's Cuberg battery manufacturing facility in California. In a post on X, Quebec Economy Minister Christine Fréchette said the Quebec government intends to meet with Lyten representatives to hear 'what they have to offer.' She added the province has 'leverage to regulate or refuse' the purchase, adding 'it's our responsibility to rigorously assess this new situation.' Karen Chang, interim CEO of Northvolt North America, said she's 'encouraged by strong interest expressed by Lyten' in the subsidiary. 'It underscores the promising foundations established through the Northvolt project and Quebec's potential role in the growth of the North American battery ecosystem,' she said in a statement. Northvolt filed for bankruptcy in Sweden on March 12. This came following an 'exhaustive effort to explore all available means to secure a viable financial and operational future for the company,' the North American branch said then. Story continues below advertisement At that time, Fréchette had said she hoped the company would find another buyer willing to take over its activities in North America. The Quebec government invested $270 million in Northvolt's Swedish parent company before it filed for bankruptcy in Europe. Quebec's pension fund manager, the Caisse de dépôt et placement du Québec, had also invested $200 million into the company.
Toronto Sun
5 hours ago
- Toronto Sun
Carney is patching up ties with Mexico in face of Trump threats
Published Aug 08, 2025 • 5 minute read Francois-Philippe Champagne and Anita Anand. Photo by Bloomberg / Bloomberg Canada is working to reset its ties with Mexico as Donald Trump threatens his neighbours with punishing U.S. tariffs ahead of a planned review of the North American free-trade pact. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Prime Minister Mark Carney sent his top diplomat and finance chief to the Mexican capital this week, where they met with President Claudia Sheinbaum and her officials, as well as corporate executives. The move represents an attempt to patch over differences that arose during the final months of the previous Canadian administration, when provincial leaders mused about sidelining Mexico in trade talks with the US — and Carney's predecessor refused to rule it out. Trump hiked tariffs last week to 35% on Canadian goods that don't comply with the continental free-trade agreement, in part because the northern nation retaliated against his levies. Mexico, which hasn't hit back, was granted a 90-day reprieve while negotiations with the U.S. continue. This advertisement has not loaded yet, but your article continues below. 'This is an all-hands-on-deck moment for us to reignite the bilateral relationship,' Foreign Minister Anita Anand said in a phone interview as she wrapped up her two-day visit to Mexico City. In addition to an hour-long discussion with Sheinbaum, Anand and Finance Minister Francois-Philippe Champagne also met with Mexico's economy czar and energy chief. On the business side, their talks included representatives from Canadian Pacific Kansas City Ltd. railway, TC Energy Corp. and pension giant Caisse de Depot et Placement du Quebec. During the meetings, both sides explored how Canadian companies and capital investors can help build infrastructure in Mexico that facilitates bilateral trade, including ports and rail, according to a person with direct knowledge of the talks. Strengthening energy security, including conventional and renewable power, was also discussed. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. 'This visit is part of Canada's diversification strategy, to leverage the connection with Mexico,' said Diego Marroquín, a fellow at the Center for Strategic and International Studies in Washington who focuses on North American trade. But, he added, it was also about 'damage control.' Last year, before Trump returned to the White House to begin his second term, Ontario Premier Doug Ford and Alberta's Danielle Smith publicly accused Mexico of not doing enough to counter trade threats from China and said Canada would be better off dealing with the U.S. alone. Then-Prime Minister Justin Trudeau echoed those concerns, which Mexico viewed as a betrayal. That episode made it 'more difficult for both countries to coordinate' on a response to Trump, Marroquín said. It's also why Mexico is now pursuing a 'quiet diplomacy strategy' while Canada focuses 'more on retaliation and market diversification.' This advertisement has not loaded yet, but your article continues below. Trudeau, deeply unpopular after nearly a decade in office, announced he was stepping down at the start of the year. Carney won the internal party race to succeed him and then called a snap election in April, with the former central banker capitalizing on a wave of anti-Trump sentiment to overcome a substantial polling gap and secure a fourth-straight Liberal mandate. Since becoming prime minister, Carney has begun to mend ties with India and China after bitter diplomatic disputes. And in June, he invited Sheinbaum to the Group of Seven leaders summit he hosted in Kananaskis, Alberta. The Mexican leader attended with the main intention of meeting with Trump, but the U.S. president left before she arrived due to the Israel-Iran conflict. This advertisement has not loaded yet, but your article continues below. The next step in recalibrating the relationship between the two junior partners of the North American trade deal will be a visit by Carney to Mexico. While it's yet to be scheduled, Anand and Champagne laid the groundwork for it during their trip. 'Given that Mexico is Canada's third-largest trading partner, this is an extremely important relationship,' Anand said. Carney's visit would be the first for a bilateral meeting — without a U.S. president present — since Trudeau met with former President Enrique Peña Nieto in 2017. The Canadian leader returned to Mexico in 2023 for the 'Three Amigos' summit with Joe Biden and Andrés Manuel López Obrador. On the heels of Anand and Champagne's talks in Mexico, Canadian Energy Minister Tim Hodgson said Thursday he met virtually with his counterpart Luz Elena Gonzalez to discuss how both countries can deepen collaboration. 'There is real momentum in the Canada–Mexico relationship,' he said in a post on X. This advertisement has not loaded yet, but your article continues below. 'The Carney government has wisely decided to ramp up efforts to collaborate with Mexico,' said Laura Macdonald, a political scientist at Carleton University in Ottawa. It may not be so much a difference between the Trudeau and Carney governments, she added, but rather a recognition of 'what has happened in the intervening period.' Sheinbaum has been praised for her strategy in negotiating with Trump, who has said he respects her. That's allowed the Mexican president to, if not avoid tariffs, at least put her country in a privileged position compared with other nations. Mexican Economy Minister Marcelo Ebrard said Anand and Champagne wanted to know more about her experience during their visit. Although the U.S.-Mexico-Canada Agreement protects most exports to the U.S., both countries face tariffs on steel, aluminum and automobiles. While the two U.S. neighbours share common interests in the review of CUSMA (USMCA) scheduled for next year and should work together, they shouldn't make a big deal of it, according to Carlo Dade, international director at the University of Calgary's School of Public Policy. This advertisement has not loaded yet, but your article continues below. 'The first rule about fight club is don't talk about fight club,' Dade said. 'The last thing we want to do is make them think people are ganging up on them.' Goldy Hyder, head of the Business Council of Canada, has been pushing for expanded trade with Mexico and met with Sheinbaum on the sidelines of the G-7. He commended the Carney government for trying to rekindle the relationship. Mexico represents the 'lowest-hanging fruit available' to boost Canada's exports. 'You don't even have to send things there by ship,' he said. 'This is an opportunity where we can diversify right on our continent before we start thinking about Europe or Asia or anywhere else.' To Marroquín, the CSIS fellow, the warming of ties represents an opportunity to rebalance the US-focused continental trade partnership. 'What was missing was political will,' he said. 'That's something that we lost after the comments from Premier Ford and Premier Smith.' —With assistance from Thomas Seal. Toronto Blue Jays Tennis Editorials Ontario Columnists
Winnipeg Free Press
6 hours ago
- Winnipeg Free Press
American company Lyten interested in purchasing Northvolt battery plant in Quebec
MONTREAL – Lyten, an American company, has announced it hopes to purchase the Northvolt battery plant in Quebec. This comes after the company shared Thursday it entered into a deal buy Northvolt's assets in Sweden and Germany. The acquisition includes the Northvolt Ett, Ett Expansion, and Northvolt Labs facilities in Sweden, as well as Northvolt Drei in Germany. Lyten will also acquire all of Northvolt's remaining intellectual property. The value of the transaction has not been disclosed. The San Jose, Calif.-based company now has its sights set on Quebec. In its press release announcing the acquisition of the Swedish and German assets, it said it's 'committed to pursuing the acquisition' of the Northvolt Six project in the Montérégie region. The $7-billion factory is expected to be built between Saint-Basile-le-Grand and McMasterville. 'Lyten is actively progressing discussions with Northvolt North America, the Government of Canada, the Government of Québec and other key local stakeholders,' the company wrote Thursday in a statement. The U.S. company, founded in 2015, currently manufactures lithium-sulphur batteries in the Silicon Valley and markets them to the drone and defence markets. The company's takeover in Sweden and Germany follows its purchase of another Northvolt plant in Poland in early July, and the Swedish company's product portfolio and intellectual property for battery energy storage systems weeks later. In November of 2024, Lyten also acquired Northvolt's Cuberg battery manufacturing facility in California. In a post on X, Quebec Economy Minister Christine Fréchette said the Quebec government intends to meet with Lyten representatives to hear 'what they have to offer.' She added the province has 'leverage to regulate or refuse' the purchase, adding 'it's our responsibility to rigorously assess this new situation.' Karen Chang, interim CEO of Northvolt North America, said she's 'encouraged by strong interest expressed by Lyten' in the subsidiary. 'It underscores the promising foundations established through the Northvolt project and Quebec's potential role in the growth of the North American battery ecosystem,' she said in a statement. Monday Mornings The latest local business news and a lookahead to the coming week. Northvolt filed for bankruptcy in Sweden on March 12. This came following an 'exhaustive effort to explore all available means to secure a viable financial and operational future for the company,' the North American branch said then. At that time, Fréchette had said she hoped the company would find another buyer willing to take over its activities in North America. The Quebec government invested $270 million in Northvolt's Swedish parent company before it filed for bankruptcy in Europe. Quebec's pension fund manager, the Caisse de dépôt et placement du Québec, had also invested $200 million into the company. This report by The Canadian Press was first published Aug. 8, 2025.
