Landi Renzo and Krishna Group to form joint venture for alternative fuel

The auto component firm Landi Renzo, a multinational company headquartered in Cavriago, Province of Reggio Emilia in Italy, said it will form a joint venture to developed alternative fuel solutions with the auto interior maker Krishna Group, based in Bangalore, India. In a statement, Landi Renzo said, “The Rs60-crore JV would address the critical alternative fuel solutions relating to the development and creation of advanced technological systems in the clean energy sources.” The company said original equipment manufacturers (OEMs) will be the primary target for the alternative fuels that the JV will produce. (August 3, 2012)