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JTEKT ties up with Micromatic
August 20, 2008: The Japan-based JTEKT Corporation has tied up with Micromatic Grinding Technologies to produce machine tools for engines and transmissions.
JTEKT with 25 per cent stake of Toyota Motor Corporation will provide the technology to Bangalore-based Micromatic Group to produce machines that can be useful to the auto industry, aerospace, construction and energy industry. The company has a JV with Sona Koyo Steering Systems for hydraulic and electric power steering. The new company will be known as Toyoda Micromatic Machinary India
Source: Hindu Business Line