<b>Adient establishes joint venture for automotive fabric production in India </b>

Adient is the world's leading car seat manufacturer, and Arvind Limited is the world's largest textile production and retail enterprise group. The two companies today announced the establishment of a joint venture, Adient Arvind Automotive Fabrics, which will focus on R&D, production and sales of automotive fabrics in India.

Adient Arvind Automotive Fabrics, based in Ahmedabad, India, will produce high-end, high-performance fabrics for automotive seating systems in a world-class fabric manufacturing facility. Adient and Arvind have industry-leading production technology and design capabilities in their respective fields, and the joint venture will make full use of the synergies generated by the two. The new company will work closely with customers on long-term product development to provide Indian and global automakers with automotive fabrics of unrivaled product quality and innovative solutions, enabling them to provide end users in India with better comfort, more Products with richer aesthetic features and design styles.

Jef Vercammen, Vice President of Adient's Global Textiles Division, said: "Adient is committed to creating new value for customers, while strengthening our fabric product portfolio through continuous improvement." The cooperation with Arvind Limited has provided us with a great opportunity , we will be able to achieve this in India, a rapidly growing automotive market. "Combining Adient's global fabric design and technical resources with Arvind's strong production capabilities, we will be able to bring innovative automotive fabric products to the Indian market faster."

Punit Lalbhai, Executive Director, Arvind Limited said:
"We are rapidly upgrading our business using advanced technology and external collaborations to identify and create new opportunities in various business units. One of our goals is to expand textile manufacturing into new areas beyond fashion products, Enter the fields of personal protection, construction and transportation. This cooperation with Adient is a milestone in this process. Through cooperation, we will leverage Adient's market position and expertise in the automotive field, combined with Arvind's strong textile manufacturing capabilities , to provide customers with unparalleled and high-quality car seating solutions."

Murali Rajagopalan, Director and Business Manager, Adient India, said: "It is a pleasure to be working with Arvind, a respected leader in the textile industry with a long history of manufacturing excellence, from yarn to From innovative textile products to innovative textile products. By partnering with it, Adient will gain access to quality resources to better serve our Indian and global customers and ultimately create greater value for consumers in India."

Adient is the majority shareholder of the new company with a 50.5% stake and expects the joint venture to be included in its consolidated financial statements. Both Arvind and Adient will have representatives on the Adient Arvind Automotive Fabrics Board of Directors.

Exclusively compiled by Tiantian Chemical Network, English news link: http://www.pudaily.com/News /NewsView.aspx?nid=70630