Rico Auto signs licensing pact with Teksid Aluminium, Italy

Mumbai, June 22 (UNI) Rico Auto Industries Ltd has signed a licensing and technological assistance agreement with Teksid Aluminium of Italy to develop Aluminium Engine Blocks and Heads to be produced with High and Low Pressure Die Cast, Gravity and lost foam processes.

Announcing this to BSE, the Company said Teksid with its operations in Italy, France, Poland, USA, Mexico, Argentina, Brazil and China is a pioneer in these technologies and is a leading supplier to almost all vehicle producers in the world.

New generation of engines would require Aluminium Blocks and Heads, it said.

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