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| Cooper-Standard buys majority stake in Indian seals | 24 January 2008 |
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| Cooper-Standard Automotive has bought a majority
stake in Indian sealing systems group Metzeler Automotive Profiles India. The new deal gives Cooper-Standard a 74 per cent stake in the MAP India, with the other 26 per cent held by Toyoda Gosei, the Japanese-owned fluid power and seals group. MAP India has manufacturing plants in New Delhi and Gurgaon, employing 1,000 people and with a turnover of around $26 million. Customers include Toyota, Tata Motors, Ford, Mahindra & Mahindra and Maruti-Suzuki. Cooper-Standard already has fluid systems division plants at Chennai and Pune in India.
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