Thailand Dealbook: Federal-Mogul ups stake in Parts Zone; FPI forms JV to tap energy biz

Thailand Dealbook: Federal-Mogul ups stake in Parts Zone; FPI forms JV to tap energy biz

Executives from Federal-Mogul Motorparts, Loxley, and Parts zone (Thailand) at the press conference on Tuesday

US-based auto-parts maker decides to acquire a majority stake in Parts Zone to strengthen its presence in Southeast Asia. Fortune Parts Industry, the listed plastic auto-parts manufacturer, sets up five joint venture companies to invest in renewable energy business.

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