Marut Techno Tools tech JV with US company

To render growth to the stamping and die building industry in India, Dayton Progress Corporation U.S.A, world leader in the technology of die components specially punches, button dies, retainers and pilots, with its headquarters located at Ohio, U.S.A, has joined hands with Marut Techno Tools Pvt. Ltd, India. Under the new alliance Dayton will establish a manufacturing centre in India with Marut Techno Tools as its partner.Marut Techno Tools has been the sole distributor of Dayton Progress for the last seven years serving mainly the Indian automobile Industry and sheet metal industries. With a wide gamut of products to offer, the new partnership will facilitate Marut in meeting the die components requirement of Die Building and Sheet Metal industries in India. With an approach to manufacture world class quality products at competitive price and high delivery time, the plan of expansion is divided into two phases. The first phase of the joint venture will witness Marut start producing press fit punches, button dies and pilots as per the needs of the Indian customer. The second phase will see the company manufacture Retainers and Special Punches. World leader in technology of ball lock and press fit, Dayton Progress Corporation grips upon an impressive client vitae that includes almost all renowned automobile manufacturers and die builders in the world. Talking about the joint venture, Satoshi Ojima, Director, Dayton Progress Corporation said “We are eager to join with Marut Techno Tools to address the manufacturing needs of standard products in India. Based on mutual trust through our long term relationship of seven years, we firmly believe that Marut is the best technical JV partner for Indian manufacturing center”. The rapid growth of automobile industry will result in the increase of die building and sheet metal industries increasing the need for urgent delivery of quality die components. Lauding the association, Anil Kumar Sahay, C.E.O, Marut Techno Tools said “We are looking forward to Dayton- Marut capturing the Indian automotive industry by providing leading-edge, real-world solutions through the wide range of both standard and customized products. The joint venture has strengthened the long standing relationship with Dayton which has been so important to us over the years. We are pleased to team up with Dayton to extend our presence in this expanding high potential market.” In the pipeline is Marut’s plan to produce not only standard components but also special components by Dayton-Marut Manufacturing plant. A technical joint venture at present is likely to invest Rs 10-50 crores in the business in near future. Marut techno Tools has been the sole distributor of Dayton Progress Corporation for the last seven years serving mainly the Indian automobile Industry and sheet metal manufacturers. Marut is also Exclusive distributor of DADCO which are world leaders in manufacturing of Nitrogen Gas Springs.Marut Techno Tool’s sister concern is distributor of Oils Corporation, world leaders in self lubricating bearings and Die components. Since 1946, Dayton Progress Corporation has been dedicated to delivering quality press die component parts to customers as well as the vital automotive industry of the World. Dayton Progress Corporation is part of a strong global network that offers products, services, and support second to none. The company’s headquarter is located in Dayton, Ohio USA. Overseas partners and subsidiaries are located in Canada, Germany, UK, Portugal, France, and Mexico.