Exide, US company identify areas of co-operation; 'US company not seeking to acquire stake in Exide Industries'.

(From Chemical Business NewsBase - Business Line)

Exide Technologies of US is allying with Exide Industries, in a bid to increase its presence in the Asian market. The two companies have identified areas of future co-operation. Exide Technologies, which has two subsidiaries in India, Tudor India for automotive batteries and GNB India for industrial batteries, also proposes to merge its two subsidiaries in the near future. Meanwhile, the Chairman of Exide Holding Europe SA has clarified that its parent …