 IBEF Research: Rico Auto Industries LimitedPublished on Tue, Nov 21, 2006 at 16:47 | Source : Moneycontrol.com Updated at Tue, Nov 21, 2006 at 17:32 4120 Investors following Rico Auto. Share this News with them.
Future plans: Rico plans to be a USD 1 billion enterprise by 2011, mainly by expanding its global presence, which would be done by introducing new products. The licensing and technological assistance agreement with Teksid Aluminium for aluminium engine blocks and heads is a step in this direction. The company also plans capacity expansion at its plants. Rico is also looking at setting up base in low cost countries through either greenfield operations or strategic alliances and acquisitions as part of its growth plan. Taken with permission from India Brand Equity Foundation
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