Joint Ventures3 April 2026 at 05:11 pm
Shriram Pistons & Rings Ltd Extends Technical Collaboration Agreement with Fuji OOZX INC. for Five More Years
AI Summary
Shriram Pistons & Rings Ltd has executed a revised Technical Collaboration Agreement with Fuji OOZX INC. (Japan) on April 3, 2026. The agreement, which has been in place for over three decades, has been extended for a further period of five years to meet evolving customer requirements. Royalty will be payable to Fuji in accordance with the provisions of the amended agreement. The agreement allows the Company to continue manufacturing engine valves in India for both domestic and export markets, utilizing the latest technology and know-how from Fuji.
Key Highlights
- Shriram Pistons & Rings Ltd extends Technical Collaboration Agreement with Fuji OOZX INC. for five more years.
- The agreement, in place for over three decades, represents an ongoing collaboration for the manufacture of engine valves.
- The Company will continue to provide cutting-edge technology in India that is at par with the latest global standards.
- Royalty will be payable to Fuji in accordance with the provisions of the amended agreement.
- The agreement allows the Company to continue manufacturing engine valves in India for both domestic and export markets.