Mahindra group firm forms JV with Japanese Tsubaki.

Mahindra Conveyor Systems, a leading supplier of material handling equipment and systems, has formed a joint venture with Japan's Tsubakimoto Chain Co, as the partners eye various global markets including Europe and Middle East.

'Tsubaki and MCS already have an existing tie-up for technical know-how and Tsubaki has now gained majority (51 per cent) holding in MCS, to assist it in making inroads into new markets in Asia, Africa, the Middle East and Europe,' Mahindra Conveyor Systems (MCS) said in a statement.

BS