Financial Daily from THE HINDU group of publications
Friday, Jul 19, 2002
Financial Daily from THE HINDU group of publications Friday, Jul 19, 2002 |
|
|
|
|
|
Logistics
-
Shipping Corporate - Alliances & Joint Ventures TRF, Samsung join hands Santanu Sanyal
KOLKATA, July 18 TRF Ltd, a Tata enterprise, has signed a memorandum of understanding (MoU) with Samsung Heavy Industries of South Korea for securing technology and other support in the manufacture of container and RTG cranes used in port operations. The MoU was signed in Korea a few days ago. According to the MoU, the Korean firm will supply the technology and necessary equipment and also provide the performance guarantees for the equipment to be manufactured and supplied by TRF. "We have agreed to work jointly for projects in India and neighbouring countries'', a spokesman for TRF told Business Line. Earlier, TRF had a technology tie-up with MAN of Germany. The tenure of the agreement with the German firm, which was valid for 10 years, expired nearly five years ago. With the technological and other support from the Korean firm, TRF is bidding for at least two tenders.
Send this article to Friends by E-Mail
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|