Canadian co to supply six components for Nano

Written by Agencies | Toronto, February 26: | Updated: Feb 26 2008, 14:44pm hrs
Canada's Samco Machinery Ltd will supply six auto components for the world's cheapest car Tata Nano, the company's Chief Executive Joe Repovs has said.

The Toronto-based roll forming system manufacturer would supply equipment for the chassis components of the Nano under a USD 3 million deal signed between Samco and Tata Ryerson Ltd.

"Waiting for the world to come to us was not an option. We wanted to diversify and expand our markets so we had to go out to the world," said Repovs. Ontario Minister of Small Business and Entrepreneurship Harinder Takhar, who toured Samco's manufacturing facility on Monday, said: "Samco is an excellent example of a small enterprise reaching out and winning contracts with global partners."

"Congratulations to Samco on pursuing and securing a global partnership," said Brad Duguid, Ontario Minister of Labour.

"We applaud their efforts and encourage other Ontario companies to follow in their direction to keep Ontario competitive on the global stage," he said.

Subir Khasnovis, Vice President of Engineering of Tata Ryerson, said "I have no doubts in my mind that the Tata Ryerson-Samco partnership will find many opportunities to work together in the future."

Tata Ryerson is a 50-50 joint venture between Tata Steel, India and Ryerson Tull, USA.