UNO MINDA & AMS ENTER IN A TECHNICAL LICENSE AGREEMENT TO DEVELOP HIGHLY ENGINEERED AUTOMOTIVE LAMPS
Leading Indian auto components manufacturer, UNO MINDA, NK Minda Group (Haryana, India) and AMS Co. Ltd., the Korean market leader for lighting systems (headquartered at Gyeongbuk, Korea) today announced entering into a Technical License Agreement (TLA) in India.
Online PR News – 27-December-2012 –UNO MINDA AND AMS ENTER INTO A TECHNICAL LICENSE AGREEMENT TO DEVELOP HIGHLY ENGINEERED AUTOMOTIVE LAMPS
To Provide Latest Solutions to Indian and Indonesian Auto OEMs
New Delhi, India and Gyeongbuk, Korea, Wednesday, December 26, 2012; Leading Indian auto components manufacturer, UNO MINDA, NK Minda Group (headquartered at Manesar, Haryana) and AMS Co. Ltd., the Korean market leader for lighting systems (headquartered at Gyeongbuk, Korea) today announced entering into a Technical License Agreement (TLA) in India. The agreement was signed between Minda Industries Ltd., (MIL) Lighting Division and AMS Co. Ltd. at Manesar, Haryana; by Mr. Sang-Man Park, President, AMS and Mr. N.S. Warrier, CEO, MIL Lighting Division.
The TLA has been signed for design, manufacture and sale of highly engineered Automotive Lamps. With this agreement AMS would provide technical support for design and development of Head Lamps, Tail Lamps, Fog Lamps etc., both with conventional light sources, as well as new technologies such as LED light sources, for four wheeler OEMs in India and Indonesia.
Commenting on the association, Mr. S. M. Park, President, AMS Company Ltd. said, “We were impressed with the professional capabilities and expanse of UNO MINDA group. Their infrastructure and zeal to provide better value to OEMs is par excellence.” He further said, “India is a growing market for us and we are pleased to partner with UNO MINDA to bring best practices to Indian OEMs and to explore and expand the markets within Asia.”
Mr. N K Minda, CMD, UNO MINDA, said on the occasion, “Though a young company, AMS has exceptional in-house technologies. The expertise their engineers have gained in designing and manufacture of lamps for some of the major OEMs in Korea is outstanding. AMS also has footprints in China, Uzbekistan, North America and South America.” He further said, “We are delighted to partner with AMS as they are renowned for their technical excellence, exhaustive product expertise and extensive experience. With this partnership, we are strategically venturing into a new product line, in keeping with our diversification and consolidation approach to the Indian market.”
About AMS Company Ltd.
AMS Co. Ltd. specializes in automotive parts, since its establishment in 1995. It manufactures and supplies automotive lamps to finished car companies. It manufactures automobile components such as Head, Rear, Fog, HMSL, & all Exterior Lamp Automotive Parts for Original Equipment Manufacturers (OEMs). For more information, reach us at www.amslighting.co.kr
About UNO MINDA, N K Minda Group
UNO MINDA, NK Minda Group, a technology leader in Auto Components Industry, is a leading supplier of proprietary automotive solutions to OEMs as Tier-1. It manufactures Automobile Components for Original Equipment Manufacturers (OEMs). It is today a 20 Bil INR (US$400 million) group and is rapidly expanding with increased market share in its product lines.
The Group is a global player in automotive sector with manufacturing facilities in Indonesia and Vietnam and Offices in Japan, Europe and China. It has 31 manufacturing plants in India and has JVs/Technical Agreements with world renowned manufactures in Italy, India and Japan. Our continuous effort is to deliver high technology and quality products to our valued customers in worldwide area. For more information please visit www.mindagroup.com.
Note to Editors: This document contains forward-looking statements about AMS Company Ltd. Korea and UNO MINDA, NK Minda Group, which are based on the beliefs, opinions and expectations of the company’s management as the date of this press release and the companies do not assume any obligation to update their forward looking statements if those beliefs, opinions, expectations, or other circumstances should change, These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. Consequently, readers should not place any undue reliance on such forward-looking statements.
For further inquiries, please contact:
For UNO MINDA, NK Minda Group
Alchemy Corporate Communications
Anju Makin / Nishu Baranwal
Cell: +91-9999392915 (Nishu)