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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Magna teams up with Krishna to produce car seats for India AFP - Thursday, August 6 OTTAWA (AFP) - - Magna Seating, a subsidiary of Canadian auto parts giant Magna International, announced Wednesday a joint venture with Krishna Group of India to produce car seats for the Indian market. ADVERTISEMENT The joint venture, called MSKH Seating Systems, will operate from Chakan, near Pune, Maharashtra, and start production of car seats and seat belt systems within a year. The partnership will combine Magna's engineering expertise with Krishna's deep market penetration in India, the two companies said in a statement. It also marks Magna Seating's first foray into India. "Aligning ourselves with the Krishna Group allows us to engage automakers in the Pune region of India with a capable and competitive partner," said Magna Seating vice president Deepak Nagaraja. "They are a high-volume manufacturer of seating systems with a strong and established supply base. We look forward to many successes as we enter into this venture together." Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Business Court blocks road construction in national forestsAP - Thursday, August 6 Judge approves Smoky Canyon Mine expansionAP - Thursday, August 6 Goodman to raise A$1.8 bln; agrees China dealsReuters - Thursday, August 6 Australia's Tabcorp year net profit A$521.7 mlnReuters - Thursday, August 6 Cisco earnings fall 46 pct but beat expectationsAP - Thursday, August 6 Enlarge Photo Magna teams up with Krishna to produce car seats for India Most Popular – Business Viewed Cupcakes for reporter on Obama's birthday Swine flu toll up sharply in Latin America New York chapel offers gay marriage service BNP Paribas bonuses spark anger in France US private-sector job losses rise, services sector shrinks View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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