PCC Reed-Rico intends to make the proposed joint venture (JV) a major manufacturing base, outside the US. The proposed JV company, Kadimi Reed-Rico plans to invest Rs 40 crore over the next four years to manufacture all types of cold forming tools, thread rolling dies, punches. These products are used primarily in manufacturing fasteners, like bolts and screws.

The project has been conceived to produce tools of international quality in a cost-effective manner and the group has assured export markets for more than 70 per cent of planned production, thereby earning substantial foreign exchange. PCC products include high-quality investment castings for aerospace and power generation customers. It has a wide variety of aerospace and general industrial application.

Among these are the largest steel and titanium castings in the world, which has enabled the design production of the most powerful aircraft engines.