MOL explores Nissan venture in India
MOL said Tuesday it is pondering a joint venture with India logistics power Sical to build and operate a finished car yard for Nissan near the South Indian port of Ennore.
The Japanese carrier said the two companies plan to finalize the venture in 2009. Sical operates in joint ventures with PSA International for the operation of container terminals in Chennai and Tuticorin and is involved in a coal terminal at Ennore. MOL has a long-term contract with compatriot carmaker Nissan.