26.1.2004: Meldung: Impco starts production in India
The estimated $1 billion potential alternative fuels market in India and Southeast Asia is one of the fastest growing worldwide. With over 56 million vehicles and major air pollution problems, the government of India is legislating the use of clean burning gaseous fuels such as propane and natural gas in vehicles. The price of gaseous fuels at less than 50% that of petrol and diesel fuels is also driving the market growth.
Impco designs, manufactures, markets and supplies advanced alternative fuel systems and related products for the mobile, industrial, power generation, and stationary engines market place. Headquartered in Cerritos, California, Impco has facilities in Asia, Europe, Australia and South and North America. More information can be found at Impco""s web site, http://www.impco.ws/ . Impco also operates under the BRC brand names through its 50% ownership agreement with MTM Srl headquartered in Cherasco, Italy.
Regarding Minda Impco Limited:
Minda Impco Limited is a joint venture agreement with Minda Industries, Ltd. headquartered in Delhi, India. Minda Industries, Ltd., is an automotive OEM supplier with over US $50 million in annual revenues. The company manufactures and markets OEM grade switches, locks, lamps, horns, instrument panels and wiring harnesses for major auto, motorcycle and commercial vehicle OEMs in India. They have ten manufacturing plants in India and market their products via technically trained sales forces to automotive OEMs. They are QS 9001 certified and sell their products to the automotive aftermarket through a network of over three hundred distributors.
For further information, please contact
Mr. Dale Rasmussen
Investor Relations of Impco