MUNICH: Mutares SE & Co. has signed an agreement to acquire Cimos d.d. and its subsidiaries from TCH S.r.L. The closing of the transaction is expected in the third quarter of 2022. The company will act as a key Eastern European platform for Mutares’ Automotive & Mobility segment with seven production plants across Slovenia, Croatia,…
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TDAP to setup Pakistan Pavilion at Automechanika Shanghai 2019
KARACHI: As many as four Pakistani companies will attend the 15th Edition of Automechanika Shanghai 2019, being held during December 03-06, 2019. This year in 2019, Trade Development Authority of Pakistan (TDAP) is organizing again a National Pavilion consisting of four companies including Dawood Engineering, Infinity Engineering, Pakistan Accumulators and Rastgar Engineering. Around 150 buyers from…
Unipres Corporation and Metaltech Ltd to form capital alliance
TOKYO, JAPAN: Unipres Corporation passed a resolution at a meeting of its Board of Directors to enter into a capital alliance with Metaltech Ltd through the underwriting of a capital increase by Metaltech by way of third-party allotment, a release issued to Japan Stock Exchange noted. Unipres globally supplies pressed automotive parts to automobile manufacturers…