Shriram Pistons & Rings Limited Extends Technical Collaboration Agreement with Fuji OOXZ Inc.
Shriram Pistons & Rings Limited has executed a revised Technical Collaboration Agreement with Fuji OOXZ Inc. (Japan) on April 3, 2026. The amended agreement extends the scope of supply of technical know-how and assistance for manufacturing engine valves in India for an additional five years.According to the agreement, royalty will be payable to Fuji in accordance with its provisions. The company states that this collaboration, which has been ongoing for over three decades, aims to provide cutting-edge technology in India, aligned with global standards. The objective of the extended agreement is to acquire the latest manufacturing technology and know-how, enabling the company to serve the automotive market and pursue new business opportunities.
| S. No. | Particulars | Details |
|---|---|---|
| 1 | Name of the entity with whom agreement is signed | FUJI OOZX INC., JAPAN (FUJI) |
| 2 | Area of agreement | Technical Collaboration Agreement |
| 3 | Domestic/International | The Company manufactures its products in India and will continue to do so, catering to both domestic customers and export markets. |
| 5 | Scope of business operation of agreement | Under the agreement, the scope of supply of technical know-how and assistance for manufacturing engine valves in India has been extended to address evolving customer requirements. |
| 7 | Significant terms and conditions of agreement | The Technical Collaboration Agreement with Fuji OOXZ INC. (Japan) has been in place for over three decades and represents an ongoing collaboration for the manufacture of engine valves to serve the automotive industry with advanced technology products. Through this partnership, the Company continues to provide cutting-edge technology in India that is at par with the latest global standards. The present agreement has now been extended and will remain valid for the next five years. |
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