Sundram to Supply China Companies Domestically
Sundram to Supply China Companies Domestically
Jason Sandefur
Sundram Fasteners’ China subsidiary is preparing to supply multinational companies located in China, the Hindu Business Line reports.
During 2004 India-based Sundram established the $5 million high-tensile fastener facility about 60 miles from Shanghai. Sundram Chairman Suresh Krishna told shareholders that the China factory’s export business has risen to about Rs 1 crore a month (US$238,000). However, the plant is not operating at full capacity.
Sundram’s China operations manufactures value-added specialty and standard fasteners for commercial and passenger car manufacturers. Sundram supplies General Motors and other auto groups.
Krishna reportedly told shareholders that Sundram envisioned a place among the top three fastener manufacturers in the world. At present, the company is among the top 10. Web: sundram.com �2005 FastenerNews.com
There are no comments at the moment, do you want to add one?
Write a comment