ANG Auto-TowerWorx JV to produce mobile tower solutions
08 Jun 2009
New Delhi-based ANG Auto announced on Monday that it has entered into a joint venture with TowerWorx of US to manufacture and market mobile tower solutions in the country. The joint venture – TowerWorx India (P) Ltd – would commence operations in India from August according to the filing the company made with the Bombay Stock Exchange. Both companies – ANG Auto and TowerWorx US will pick up 50 per cent of the stake in the joint venture.
Mobile telephone companies would be able to leverage substantial technological benefit in terms of multiple carrier capability and rapid deployment capability of the towers according to the filing.
TowerWorx is the leading US mobile tower producer with a large consumer base spread across the globe. It counts AT&T, T Mobile and Verizon among its large consumer base.
ANG Auto Limited is engaged in the manufacture and export of a large number of heavy commercial vehicle components and trailers in India. The company operates out of five state-of-the art production and assembly units in North India.
The company has a dominant presence as a provider of complete undercarriage solutions for trucks and trailers and is the preferred name globally of the quality of its products such s heavy vehicle spare parts and automotive trailer parts.
The company is a Tier 1 and Tier 2 approved original equipment (OE) supplier to some of the leaders in the HCV segment in US, Europe and Latin America. It has been dealing in heavy vehicle spare parts like automatic slack adjuster, manual slack adjuster, fully dressed dummy axle, automotive trailer parts and air brakes for years and has been successful in reaching a broader international market through its operations.
TowerWorx is a certified woman-owned business based in Pryor, Oklahama, US. The company has over 20 years of combined experience in tower design and process engineering. With its diverse technical background, the company has been successful in consistently delivering custom integrated solutions to meet the varied requirements of its customers.
The company operates out of its centrally located 121,500 sq ft facility having access to all major transportation facilities via truck or train to ensure timely deliveries. The facility is also large enough to enable the company scale and meet large quantity orders and support inventory for quick turn around delivery.