Lava Cast, an integrated automated foundry and fully-machinedcasting company, is set to merge with its parent company Setco Automotive. Completion of this imminent merger is expected to take place on the back of Setco grouppurchasing all the stake owned by Lingotes Especiales S.A. (technology & JV partner) in Lava cast.

The merger would facilitate an increase in business opportunities for Setco Automotive throughOEMs, further enabling the purchase of all the supplies under one vendor code. This will also resultin an increase of orders from OEM's MHCV and farm-tractor industries. Additionally, the mergerwould improve operational efficiency as it would result into efficient buying, economies of scale,reduction in overheads and administrative efficiencies, thereby estimating savings around Rs 5 crore per annum.


0 thoughts on “Lava Cast set to merge with Setco Automotive”

Post Comment

  Share Tips

Intraday trading is an art of earning money from stock market and it requires a lot of patience and time to allocate in the daily schedule. But to see money from market is not an easy thing which it always do not gives opportunity with high profits. Many people do not have time to do intraday trading in their daily jobs in office or business. But here we make it very simple and easy.

Daily News