According to reports, the US private equity giant Blackstone Group will invest US$110 million to acquire a majority stake in Agile Electric Works, a manufacturer of automotive parts in India.
It is reported that Agile Electric will sell its 98% equity to Blackstone Group for US$110 million, and the latter will also acquire a 58% stake in Igarashi Motors India, a listed subsidiary of Agile Electric. The above transaction was completed on July 17.
Agile Electric is a manufacturer of automotive DC motors and maintains close cooperation with Delphi, Bosch , Ford and Continental Group. The company has eight production plants in Chennai, India, and 90% of its sales come from exports to the United States, Europe and Asia.
NN Conveyor Belt Advantages
· Excellent heat resistant
· Small pulley diameter
· High modulus
· Impact resistant
· High durability
· Good flexibility & good trough ability
Features:
1. It uses nylon canvas as carcass and it is of the same structure as general use conveyor belt.
2. The belt body has the advantages of being light and thin, fatigue resistant, impact resistant, with high tensile strength, excellent troughability and long wording life etc.
Series:
In addition to general use nylon conveyor belt, there are types of oil resistant, acid/alkali resistant, cold resistant and anti-static belts etc.
Use:
Widely used in long distance, heavy load, high tensile strength conveying occasions.
Technical Standard:
Carrying out standard GB/T7984-2013 Conveyor Belt-Specification for rubber or plastics covered conveyor belts of textile construction for general use, equally referring to the final draft of the international standard ISO/FDIS14890-1999.
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HEBEI JIUZHOU RUBBER TECHNOLOGY CO.,LTD , http://www.jiuzhoubelting.com