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Jaykay Enterprises completes execution of MoU with Philips Machine Tools India
Dec-11-2023

Jaykay Enterprises has completed the execution of Memorandum of Understanding (MoU) on December 09, 2023 with Philips Machine Tools India (Phillips Corp) a subsidiary of Philips Corporation, USA, with an intent to synergistically expand each other business pan India and in Global markets. The company is engaged in the business of Supplying 3D printing machine and accessories, 3D printing service bureau and DfAM besides Machining and manufacturing of Defence and Allied products, while Philips Corp is engaged in the business of Advanced manufacturing technology products and services. 

The MoU allows parties to discuss and mutually agree the terms of setting up a Joint Venture LLP (Limited Liability Partnership) within 3 months of the execution of this MoU. The Joint Venture aims to participate in supply & installation of manufacturing systems & accessories in India & global locations as parties may decide; to explore possibilities of setting up of a manufacturing facility for supply into Philips Corp Machine tools supply chain of machines systems & accessories and to explore possibilities of setting up of an Industry 4.0 Consulting & manufacturing systems. 

Jaykay Enterprises manufactures synthetic yarns, fibres and fabrics, portland and white cement, chemicals, fertilisers, pharmaceuticals and synthetic fibre-making machinery, and chemicals, and develops renewable energy sources.


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