Commercial Vehicle Group expands in India

About 120 employees lost their jobs when company closed Norwalk facility in November 2010.
Wire
Nov 13, 2012

 

Commercial Vehicle Group Inc. is expanding in India with the purchase of a company that makes seats for buses.

The New Albany-based manufacturer paid $13.7 million for Vijayjyot Seats Private Limited, with the potential to pay up to $1.9 million more based on sales in the next two years.

"This acquisition is an ideal match for our strategic plan of growth and expansion into the India commercial vehicle market and complements our existing initiatives in the construction and truck markets of India," Mervin Dunn, president and CEO, said in a statement.

Vijayjyot has 108 full-time employees plus temporary workers. It works out of leased plants in three regions of India. Top customers include Tata Motors and Volvo/Eicher.

Commercial Vehicle makes seats and other parts for the heavy-trucks, along with the military, agriculture and construction markets.

The company operated a facility in Norwalk before closing it in November 2010. About 120 employees lost their jobs when that happened.

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(c)2012 The Columbus Dispatch (Columbus, Ohio)

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Comments

2sense

bet there is no union there

lugnut2511

If this is two years old, why is the reflector posting this crap now, I doubt anyone who lost their job from this company really cares what that companies doing now

Contango

Reads to me like CVG is moving into the developing mkt. of India and selling products there.

How does this have anything to do with the closing of the Norwalk plant?

Closer to home: What's the anniversary of the layoffs in the NR pressroom and the loss of those jobs?

Warped

2sense

bet there is no union there

Bingo ... give the man a cookie

jstus2001

Just a point...MORE jobs lost...but the current administration says "The Private Sector is Doing Fine"...WAKE UP AMERICA...!!!

Really are you ...

Under the management at the time when CVG was still in Norwalk, the plant manager was a grapher. He graphed everything. Sales went to this point in 2004... Then as of right now we are here. Many broken promises of bringing in new business. If I remember right, International went to Escobado, Mexico. The Sterling model was bought by a company in India. It is interesting that CVG has expanded its global presence to India. So much for thinking that CVG went belly up.

buttermaker

CVG also received federal stimulus money. Go figure.

Windy

Is this somehow Bush's fault, too?