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Home > (CVGI, CRWE, RENT, MMYT) Noticeable Stocks by BestOtc.com

(CVGI, CRWE, RENT, MMYT) Noticeable Stocks by BestOtc.com

September 16th, 2011 at 09:21 am







Commercial Vehicle Group Inc. (Nasdaq:CVGI) announced that it has entered into a joint venture (the "Joint Venture") with Hema Engineering Industries Limited ("Hema") for the production of seats and seating components for the India commercial vehicle market and for the supply of seats and components to other global CVG locations. CVG holds a 90% ownership and Hema holds a 10% ownership in the Joint Venture. The Company will lease a production facility in the Delhi NCR (Gurgaon) region of India, where Hema has its existing manufacturing facilities. Hema will initially supply components to the Joint Venture. The Company has been awarded India truck seating business and expects to begin production of this business in early to mid 2012.


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