NIBE Signs Letter of Intent With HBE, South Korea For Defence And Aerospace Joint Venture

NIBE Ltd has signed a Letter of Intent (LOI) with HBE, a South Korean defence company, to establish a joint venture (JV) in India focused on manufacturing defence and aerospace products. This agreement was announced on November 7, 2024, and outlines that NIBE will hold a 51% stake in the JV, while HBE will own 49%.The JV aims to set up forging facilities in India to produce components for the
NIBE Ltd has signed a Letter of Intent (LOI) with HBE, a South Korean defence company, to establish a joint venture (JV) in India focused on manufacturing defence and aerospace products. This agreement was announced on November 7, 2024, and outlines that NIBE will hold a 51% stake in the JV, while HBE will own 49%.The JV aims to set up forging facilities in India to produce components for the
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