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Hollingsworth & Vose forms JV with Nath Group
22
Feb '11
Hollingsworth & Vose Co announces the formation of a joint venture with Nath Group and plans to establish a manufacturing capability in India. The plan includes construction of a new mill near Aurangabad, Maharashtra. The investment will be financed by both companies, with H&V being the majority owner and managing partner. Warehousing facilities will also be established during the planning and construction period to better serve customers currently importing H&V products. The new mill will be capable of producing the highest standards of water and solvent based engine filter media, as well as selected products for HVAC filtration and battery separator applications.

Commenting on the expansion plans, H&V CEO Val Hollingsworth said "H&V has been active building our relationships and presence in India for many years. We are pleased to be taking this next step forward to better serve our customers in India and the surrounding region. Our vice president of international business development, Juergen Binzer, and I evaluated a number of options for expanding into India and we are delighted to be joining with Nath."

"Like H&V, Nath is a family owned professionally managed company with a long term view and a commitment to technology. This investment, like our investments in China is part of our strategy to serve our customers globally." Nath Chairman Nandkishor Kagliwal, added "We look forward to close collaboration with H&V as we work together to build this company."

H&V's vice president and general manager of its engine and industrial filtration business, David von Loesecke, commented "The demand in India for high quality engine and industrial filtration products is significant and growing. We have already created a successful base business of imported products with customers in India. We are pleased to be able to soon offer locally produced products incorporating our latest technology for our customers."

Established in 1843, Hollingsworth & Vose Company is a global leader in the supply of technically advanced engine, high efficiency and liquid filtration media, battery separator materials and industrial nonwovens. The company operates manufacturing sites and research centers in the Americas, Europe and Asia.

Hollingsworth & Vose

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