Chuo Spring to Set Up JV with Stumpp Schuele & Somappa Springs for India Expansion

MT Newswires Live08-30

Chuo Spring (TYO:5992) is in discussions with Stumpp Schuele & Somappa Springs (SSSS) regarding the establishment of a joint venture, according to its Friday filing.

The new joint venture, named SSS Chuhatsu Precision Springs Private, will be established in early September, with a 50:50 investment ratio between Chuo Spring and SSSS, focusing on the manufacture and sale of precision spring products in India.

Price (JPY): $1158.00, Change: $+4.0, Percent Change: +0.35%

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