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Friday, November 5, 1999

Kirloskar compressor business on 5-year licence to KGKCL

EXPRESS NEWS SERVICE  
PUNE, Nov 4: Kirloskar Pneumatic Co Ltd (KPCL) and K G Khosla Compressors Ltd (KGKCL) have entered into a licence agreement for giving on licence KPCL's air compressor business to KGKCL for a period of five years.

KGKCL is engaged in the business of manufacture and sale of air and gas compressors together with its spare parts and accessories. The arrangement will provide synergy in their operations, strengthen their product portfolio. With this integration, KGKCL covers the entire range of compressors both in the case of air and gas applications.

As per the licence agreement, KPCL's air compressor business, including factory premises,plant and machinery and other assets have been given on licence to KGKCL.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


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