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A 50/50 joint venture which will see Stadco's strong and proven expertise in the European car industry

Stadco : 10 February, 2005  (New Product)
Tata AutoComp Systems Ltd, part of the Tata Group, India and Stadco Ltd of the UK have signed a 50/50 Joint Venture which will see Stadco's strong and proven expertise in the European car industry allied to TACO's manufacturing automotive component strengths in the high skilled, but low cost Indian environment.
The objective of the unique JV, to be known as TACO STADCO Automotive, is to offer a low cost 'offshore' body systems design and development resource for global component suppliers and vehicle makers, which will bring technology and knowledge to the Indian automotive industry.

Stadco is an acknowledged leader in body-in-white, the basic sub-structure of the modern car body - engineering and manufacture. In 2004 it acquired the former Mayflower Vehicle Systems UK business, including its well-established product design and development capability. TACO has extensive involvement in the Indian automotive component sector, which includes stamping and BIW capabilities via its Automotive Stampings and Assemblies Ltd business, which supplies Tata Motors and other vehicle makers based in India. TACO also has three engineering centres, in partnership with JCI, Faurecia and its own.

The first phase of the new JV will see the establishment of a product engineering centre in Pune, India, which will provide European technology and know-how to Indian vehicle makers seeking to develop new products and also offer a service design and development capability to European and US customers seeking to take advantage of low-cost design engineering services.

Further phases of the JV will build on these beginnings, initially offering the ability to manage programmes, both within and outside India, seeking a low cost tool development and manufacturing environment. In due course it is intended to provide a BIW manufacturing and assembly facility to service the Indian market, with potential for exports at a later stage.

DS Gupta, Managing Director of TACO said today: 'Modern, cost effective and high-strength BIW systems are core to the development of contemporary passenger vehicles and we are confident that our JV with Stadco can help us make real advances in these areas based on its worldwide knowledge. We are delighted that we have been able to forge this JV and look forward to the considerable industrial benefits it will bring to TACO and its customers.'

Andrew Morriss, Managing Director of Stadco, said: 'Accessing the very high skills but relatively low cost base of the Indian motor industry is likely to be critical to our customers in the future and we could look for no better partner than TACO, an integral member of the Tata Group. We believe that genuine benefits will flow to both parties in this JV and look forward to a long and mutually rewarding relationship'.

Stadco Ltd, part of the privately-owned Acertec Group, is one of the fastest growing players in the global market for body-in-white technology. Its acquisition in mid 2004 of the former Mayflower Vehicle Systems business doubled its turnover to more than 300 million and provided it with some of the most advanced press shop facilities and sub assembly operations in the industry. The company operates from eight sites in the UK and two in Germany, including a major presence at Ford's Saarlouis facility in Germany where it manufactures BIW assemblies for the new Focus model. Other major clients include BMW, Land Rover, Jaguar, Aston Martin and MG Rover.

Stadco Engineering brings together the global resources and skills of both Stadco and MVS and has a tremendous track record, most recently proven in the mould-breaking body of the advanced Ford GT project (with its roots in the legendary Ford GT 40) and the Mercedes-Benz Accelo in Brazil. Based in Coventry, UK, Stadco Engineering gives the company newfound strengths in body engineering, enabling it to win new business calling on a 'total solutions' approach rather than merely being a supplier of body-in-white production and assembly expertise. More information at
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