ITM and DOZCO enters JV to produce undercarriage components
This JV will manufacture undercarriage components in India to optimise service for both local and global customers.
A global designer and manufacturer of under carriage components and undercarriage solutions, Italtractor ITM SpA and DOZCO India Pvt Ltd, a manufacturer, distributor and exporter of mining & construction equipment, has entered a joint venture with ITM DOZCO Pvt Ltd., to produce undercarriage components.
This JV will manufacture undercarriage components in India to optimise service for both local and global customers. The JV will offer a full range of undercarriage components and complete track system for earthmoving machines. It will cover the Indian market needs as well as requirements for global customers across all industries.
This agreement follows years of successful cooperation between ITM and DOZCO. “By leveraging ITM’s expertise in undercarriage production and design as well as DOZCO’s market knowledge and service capability, we will be able to offer our customers a significant improvement in operational efficiency and quality service. This reinforces ITM’s position as a global player and key partner in the world of undercarriage components,” said Maria Cecilia La Manna, CEO, ITM.
“DOZCO, a reputed Indian manufacturer of mining & construction equipment, attachments & components, joining forces with ITM, an international leader for manufacturing undercarriage components to meet the global demand, is a milestone in the honourable PM’s Make in India initiative. This will be a boon to the quality and critical component starved customers. The world will reap the benefit with these joining hands of two respected and renowned leaders in their field,” said NG Bangur, Director, DOZCO.