The Atlas Group and Japan’s Denso Corporation have reached an agreement on establishing a new joint venture company named Atlas Hitec (Private) Limited, which will manufacture quality and competitive motorcycle parts in Pakistan.
The company, with an initial combined equity investment of $7.2 million, will be established in September while commercial production will start in October next year.
“The agreement will strengthen the already close cooperation between the Atlas Group and Denso,” a press release said.
With the motorcycle industry expecting a strong growth, the new company will utilise the Atlas Group’s wide business expertise and Denso’s technologies for manufacturing such motorcycle parts that can meet market needs.
Published in The Express Tribune, September 1st, 2012.
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