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Home arrow News arrow Auto component arrow Fiem inks agreement with BATZ of Spain for Pedal Box Assembly mfg
Fiem inks agreement with BATZ of Spain for Pedal Box Assembly mfg Print E-mail
Written by Anand   
Friday, 25 April 2008
Mumbai: Fiem Industries Ltd has informed BSE that the Company have achieved another milestone by entering into a "License and Technical Assistance Agreement" with renowned European Company M/s. BATZ S. Coop. of Spain for manufacturing of complete Pedal Box Assembly.

This "Pedal Box Assembly" will be supplied to "General Motors India Ltd" for its "Global Small Vehicle" (GSV) Project.

This is a new product line for the Company and will add new dimensions in the Business Diversification Policy of the Company. The Management perceive it as a big leap for mega entry into Four Wheeler Segment.

The company is promoted by Mr. J.K. Jain, Chairman and Managing Director, who is a first generation promoter. Fiem is one of the leading manufacturers of automotive lighting & signaling equipments and rear view mirrors.

Fiem's existing plants are located at Kundli (Sonepat, Haryana) (Unit I), Hosur (Tamil Nadu) (Unit II & III) and Mysore (Karnataka) (Unit IV). The company's upcoming units will be located at Hosur (Tamil Nadu) (Unit V) and Nalagarh (Himachal Pradesh) (UnitVI).

The company's major business comes from the two-wheeler segment of the vehicle industry.

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