Polyrub Extrusions India Pvt Ltd

As a part of the transaction Polyrub Extrusions (I) Pvt Ltd have transferred its FTS (Fluid Transfer System) business to the Joint Venture Company (Polyrub Cooper Standard FTS Private Ltd). This FTS business relates to four or more wheeled vehicles including passenger cars and commercial vehicles, carried on at its plant in Chakan, Pune. Upon closing, Cooper Standard would own 35 percent and Polyrub would own 65 percent of the Joint Venture Company.

Polyrub Cooper Standard FTS Private Limited is expected to achieve operational and financial benefits for the two groups by combining their respective strengths for the development of this business. At the completion of this transaction, Polyrub Cooper Standard FTS Private Limited will have enhanced and expanded product offerings, access to wider markets, increased domestic and export business from India, close relationships with an extensive list of original equipment manufacturers, and improved technological capabilities, which will significantly improve the strategic alliance’s market position.