Date:27/04/2006 URL: http://www.thehindu.com/2006/04/27/stories/2006042705312005.htm

Business - Briefly

HMT signs agreement with Mauser

HANNOVER (GERMANY): HMT on Wednesday signed a technology transfer agreement with German company Mauser for manufacturing and marketing high-speed machining centres. The machines would be manufactured at the HMT Machine Tools facility in Bangalore and the two companies would jointly market the products in India and other countries, HMT Chairman and Managing Director, M. S. Zahed, said after signing the agreement.