Anand Group set to ink JV with Axon Automotive for new composite material

The proposed joint venture is for developing a patented composite material that can help in lightweighting vehicle structures.

05 Feb 2016 | 12846 Views | By Shobha Mathur

The Anand Group is all set to ink a joint venture with Axon Automotive of the UK to develop a composite material that can help in lightweighting vehicle structures. It is understood that the composite material (called Axontex) reduces parts weight by 20% compared to steel and costs similar to ...

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