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Firestone and TVS form joint venture

CHENNAI: Firestone Industrial Products of the U.S. and Sundaram Industries, a member of the TVS group, have announced an alliance to establish a joint venture for manufacturing and marketing air springs in India. According to a release, the two partners propose to set up a green field facility for manufacture of air springs in Madurai, Tamil Nadu. The joint venture plans to have a wide marketing network to cater to OEMs and Indian Railways. — Corporate Reporter

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