India – Mahindra Conveyor Systems (MCS) of the Mahindra Group and Tsubaki Group have an existing tie-up to share technical knowledge, but MCS will now be renamed as Mahindra Tsubaki Conveyor Systems after Tsubaki gained a majority (51%) holding. The move should enable Tsubaki to enter into new markets in Asia, Africa, the Middle East and Europe.
Tsubaki supplies equipment to manufacturing plants, warehouses and research facilities across a range of industries. MCS specialises in providing bulk material handling equipment and systems to cement and other process businesses, but recently diversified into unit handling systems for vehicle and component manufacturing; this includes conveyors for paintshop and vehicle assembly.
The new agreement was signed at the MCS plant in Pirangut, near Pune, at the start of August. Ravindra Vaidya was named as managing director.