Precision Camshafts Ltd (PCL) has announced a strategic alliance with Emag Germany to acquire the widely proven and accepted Assembled Camshaft technology. This technology uses the ‘Force Free Heat Shrink' - a process which Emag has patented. The improved cost competitive process developed through this alliance between PCL and Emag Germany will be the first for any Indian component manufacturer.
PCL will have exclusive rights to this new technology worldwide. This PCL - Emag alliance will further strengthen the market leadership of both entities in the coming years and will further help in developing next generation camshafts.
Assembled Camshafts are used predominately by OEMs in Europe and now China and some developed countries, have increased strength of material and are lighter in comparison to conventional camshafts, both of which help in improving fuel efficiency and reducing emission.
Speaking on the occasion Yatin Shah, Chairman and Managing Director, Precision Camshafts Limited said, "PCL, through the acquisition of this technology will be a complete solution provider for camshafts manufactured by different technologies."
Dr. Andreas Mootz, Managing Director, Emag Automation, Germany, said, "Using PCL's technological prowess and best practices in the manufacturing process, our products and technology will not only help meet the new demands of our global customers but our synergies will be leveraged from time to time to meet the growing demands of the automotive industry in the future."
A focused export oriented manufacturer, PCL supplies 85 percent of its camshafts to the global automotive industry. At present PCL has a major share of the Indian market and about eight percent of the international market in the camshaft segment.
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