Amtek Auto Corporation Strategy

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Group which is a leading supplier of engine, transmission and suspension parts, assemblies and systems with operations in India, Germany, UK and USA. The group is amongst the largest manufacturer of flywheel ring gears in the world and one of the

leading manufacturers of piston connecting rod modules and gear shifter forks in India.

The group is also one of the largest manufacturers of small and medium sized steel forgings and the second largest forgings manufacturer in India.

THE AMTEK GROUP is divided into four companies:

■ Amtek Auto is the flagship company of the group

■ Amtek India Ltd is engaged in the manufacture of gear shifter forks and yokes

■ Amtek Siccardi is the group's joint-venture with Ateliers de Siccardi (France) and is engaged in the manufacture of machined crankshafts, steering knuckles and flywheel

housings for LCVs and farm tractors

■ Benda Amtek is a joint-venture with Benda Kogyo (Japan) in the field of flywheel ring gears and flywheel assemblies. Most other automotive activities of the group are structured under the flagship company Amtek Auto. The recently acquired companies

- Ahmednagar Forgings in India, Smith Jones Inc in USA and GWK Group in UK (with its two subsidiaries) are all subsidiaries of Amtek Auto. The second acquisition in UK by Amtek was of Lloyds Brierly Hill, which operates under Benda Amtek as Lloyds' (Brierly Hill) business of ring gears and inertial gears complements Benda

Amtek's business.

During the last two years, Amtek Group has grown by making acquisitions. The company's acquisitions in Germany, UK and USA have increased its global presence tremendously. The consolidation of Benda Amtek's business through acquisitions of Smith Jones Inc. in USA and Lloyds (Brierly Hill) in UK, has made Amtek Group the

largest manufacturer of flywheel ring gears in the world. Amtek Group OEM customers in India include Ashok Leyland, Bajaj Auto, DaimlerChrysler, Fiat, Ford, Hero Honda, Honda, Hyundai, Mahindra & Mahindra, Maruti Udyog, Tata Motors and Yamaha and supplier customers include GKN, Carraro and Rico. The group's international customers include Benda Kogyo, BMW, Case-New Holland, Ford, GM, John Deere, Mitsubishi, Renault and Tesma.

Corporate Startegy

AMTEK AUTO STARTED with a clear strategy to acquire companies with strong customers in developed markets and those with strong manufacturing base in the domestic market. Amtek has focussed on growing its expertise in specific components then vertically integrating and expanding their production capacities. Its focus on value added and machined components now accounts for more than 67% of its sales.

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