FAW Foundry keen on automotive casting sector in India

Source: The Economic Times, Feb 28, 2012

KOLKATA: China’s FAW Foundry said it wants to enter the automotive casting business in India.

“We want to know the nature of automotive casting sector in India and want to partner with a local company in the country,” FAW Foundry Company president Sun Feng told reporters on the sidelines of an interaction here.

A part of the state-owned FAW (First Automotive Works) Group Corporation of China, FAW Foundry is engaged in the manufacture of castings for automobiles manufactured by its parent.

He said that representatives of FAW Foundry would visit Tata Motors’ plant at Pune shortly to understand the nature of automotive castings business of the country.

Feng was leading a seven-member delegation of Faw Group to the city.

They were also apprised of the existence of a major foundry belt in Howrah by members of Bharat Chamber of Commerce.