|₹663.9 / ₹255.53|
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Jost's Engineering Company, incorporated in 1907,carries on the business of electrical and mechanical engineering, and holds agencies for American, British and other European manufacturers of electrical and mechanical engineering equipment. It is also engaged in the manufacturing of material handling equipment and other engineering products. In 1990-91, the industrial finishing division supplied a plant for painting marine containers. A new model of the Pygmy hydraulic pallet truck was introduced. In-house development of new diesel dork lift trucks incorporating the latest technology was successfully introduced in the market. The company is making efforts to create an export market for its products. The company formed Haden Josts Engineering India Pvt Ltd, a joint venture with Haden Drysys International, UK. During 1999-2000, Kerry Jost Engineering Ltd (KJEL) which the company is shareholder (35%) has suspened its manufacturing operations at Madras due to poor business prospects, lack of orders and non-availibility of working capital.