International Railroad Discussion > "American Railcar to build cars in India"

June 20 news blurb from RAILWAY AGE Magazine:
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American Railcar to build cars in India

Through subsidiaries, American Railcar Industries and Amtek Auto Ltd. have agreed to form a 50-50 joint venture to manufacture and market freight cars and car components to customers in India "and other countries to be agreed upon."

The two companies said in an announcement Friday that they expect to begin construction of a manufacturing plant in India later this year and begin railcar production in 2009.

"We are excited to be joining with the strong management team of Amtek to build railcars in India," said American Railcar CEO James Unger. "We believe Amtek's depth of manufacturing experience and knowledge of Indian markets supports our partnership’s short and long-term prospects for growth within India. We believe there is also a significant opportunity for component sourcing in India."