Kobe Steel,Ltd.'s Machinery Business entered into a memorandum of understanding with India's Kirloskar Pneumatic Company Limited to explore strategic cooperation in non-standard compressors. The initiative aims to expand the non-standard compressor business in India.
Kobe Steel,Ltd. is reported to have entered into a memorandum of understanding with its Machinery Business and Indian machinery manufacturer Kirloskar Pneumatic Company Limited (KPCL) to explore strategic cooperation in non-standard compressors. The announcement is said to have been made on the 27th.
The purpose of the memorandum is to advance discussions on strategic cooperation in the non-standard compressor field, with both companies said to be aiming to develop the specifics of their future relationship.
The move is reported to be aimed at expanding the business in this field, and attention is focused on the establishment of a cooperative framework in the Indian market.