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Article: IAC Breaks Ground in India - Continues Expansion in Support of Asia Customer Programs.
- Article from:
- Journal of India
- Article date:
- September 30, 2008
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International Automotive Components Group (IAC) today broke ground during a ceremony in Chakan (Pune district) Maharashtra, India where construction will begin for a manufacturing and engineering operation exceeding 150,000 square feet.
"IAC is now the third W L Ross company with a meaningful presence in India," said IAC Group Chairman Wilbur Ross. "We are delighted that IAC has been invited into India to supply Mahindra & Mahindra and Volkswagen. Pune is an ideal first location for IAC and we hope that future business opportunities will cause us to put factories in the two other major automotive centers, as well."
The new IAC facility, which will represent a capital ...