Breaking News

You are here » Indian-Commodity  :  Top News  :  Fiem Industries inks MoU to establish JVC in India

06-Sep2016

Fiem Industries inks MoU to establish JVC in India

Fiem Industries has signed a Memorandum of Understanding (MoU) with Su-Kam Power Systems for proposal of establishing a 50:50 Joint Venture Company (JVC) in India for the purpose of selling and marketing LED lighting products manufactured by Fiem Industries under joint brand 'Su-kam FIEM'.

Both the companies have agreed to synergize their existing capabilities to work jointly and management of Fiem Industries envisages that this will be a strategic marketing venture, as nationwide distribution network of Su-kam will be available for Retail Market in Indian Territory for LED Lighting products manufactured by the company.

Fiem Industries is one of the leading manufacturers of automotive lighting & signaling equipments and rear view mirrors. The company is supplying its products to almost all major OEMs in the domestic market as well as few global OEMs.



Related News

View all news

Crude oil futures end near 2-month high on Friday

Crude oil futures ended near 2-monht high on Friday, supported by  a report from the Organization of the Petroleum Exporting Countries (OPEC) members that showed the biggest monthly drop in crude......

Gold futures end lower on Thursday

Gold futures retreated from 2-week high on Thursday, with firmer dollar and on reports of better than expected US job weekly data. Moreover, increased risk appetite among investors with positive trend......

Copper futures end higher on China stimulus measures

Copper futures ended higher on Thursday as China's move to inject liquidity into the financial system boosted expectations of higher demand in the world's top industrial metals consumer. The People's Bank......

Top News

View all news

Spicejet's cargo arm launches freighter services on Guwahati-Hong Kong route

Spicejet's cargo arm SpiceXpress has launched dedicated freighter services between Guwahati and Hong Kong with a weekly flight, starting January 19, 2019. With this launch, SpiceXpress will be the first......

Reliance Industries to invest Rs 3 lakh crore in Gujarat in next 10 years

Reliance Industries has committed to invest Rs 3 lakh crore in various projects in the next 10 years in Gujarat that may range from energy and petrochemical to new technology and digital business. The......

Wipro reports 32% rise in Q3 consolidated net profit

Wipro has reported results for third quarter ended December 31, 2018. The company has reported a rise of 39.56% in its net profit at Rs 2,518.40 crore for the quarter under review as compared to Rs 1,804.50......