Citation
(1999), "Lost and foundry", Work Study, Vol. 48 No. 4. https://doi.org/10.1108/ws.1999.07948dab.008
Publisher
:Emerald Group Publishing Limited
Copyright © 1999, MCB UP Limited
Lost and foundry
Fiat and Renault are combining their foundry activities to create a world class foundry group. This means a solid link between Teksid S.p.A. the parent company of the Metallurgic Products Sector 100 per cent owned by Fiat, and A.T. Systemes, an Economic Interest Group 100 per cent owned by Renault. Teksid has approved a share capital increase reserved to Renault which means Fiat and Renault owning 66.6 per cent and 33.5 per cent respectively of Teksid capital. The merger should generate some interesting synergies - especially of professional expertise and technological know-how - and lead to significant innovation through higher levels of Research & Development spend.