RSB to produce high-speed trailers

JAMSHEDPUR: RSB Transmissions on Tuesday said it is in talks with a German firm to float a joint venture (JV) company at an initial investment of Rs 13 crore to manufacture high-speed trailers.

"We are likely to sign an agreement within the next two months to set up unit for complete trailer assembly facility," RSB Group Managing Director S K Behra said here.

However, he refused to divulge details about the German company or the stake it was planning to hold in the joint venture company till the agreement was signed.

The Group would invest Rs 13 crore initially into the project which is expected to go on stream in the second half of 2008.

The RSB Group already has a technology agreement with Gunther Albert GmbH of Germany for trailer designs and a strategic alliance with Germany-based BPW Axle for axle technology with anti-breaking system, disc brake, etc.

RSB Transmission would invest Rs 430 crore in the next four years to set up a major auto component manufacturing plant near Cuttack in Orissa, Behra said adding Orissa Chief Ministger Navin Patnaik would lay the foundation stone of the casting and forging plant on August 30.

"Orissa government has assured us to provide 270 acres of land while we have acquired 90 acres land," he said.