ITM and DOZCO have recently created ITM DOZCO Pvt Ltd TO offer a full range of undercarriage components and complete track system for earthmoving machines.

Italtractor ITM SpA (“ITM”) and DOZCO (INDIA) PVT.LTD (“DOZCO”) have announced, the creation of a joint company called ITM DOZCO PVT. LTD.

The intention is to create a leading manufacturer of undercarriage components in India to optimize service for bothlocal and global customers. We will offer a full range of undercarriage components and complete track systemfor earthmoving machines. The joint venture will cover the Indian marketneeds as well as requirementsforglobal customers across all industries.

This agreement follows years of successful cooperation between ITM and DOZCO. “By leveraging ITM’s expertise in undercarriage production and design as well as DOZCO’s market knowledge and service capability, we will be able to offer our customers a significant improvement in operational efficiency and quality service. Thisreinforces ITM’s position as a global player and key partner in the world ofundercarriage components” said Maria Cecilia La Manna, Chief Executive Officer of ITM.

“DOZCO, a reputed Indian manufacturer of mining & construction equipment, attachments & components, joining forces with ITM, an international leader for manufacturing undercarriage components to meet the global demand, is a milestone in the Honourable Prime Minister’s “Make in India” initiative. This will be a boon to the quality and critical component starved customers. The world will reap the benefitwith this joining hands of two respected and renowned leaders in their field”said N.G.Bangur, Director of DOZCO.