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Sona Comstar, India to set up driveline JV in China with Jinnaite Machinery
On July 20, Sona BLW Precision Forgings Ltd. (Sona Comstar) signed a binding term sheet with Jinnaite Machinery Co., Ltd (JNT) to establish a joint venture (JV) company in China. The JV will manufacture and supply driveline systems and components to automotive OEMs in China and globally. Sona Comstar will invest $12 ....
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