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Fiem Industries Ltd inks MoU with Ichikoh Industries of Japan
Written by Viswanath   
Tuesday, 12 May 2009
Mumbai : Fiem Industries Ltd, engaged in the manufacture of automotive components, has signed an MoU with Ichikoh Industries Ltd, Japan, one of the world renowned manufacturers in the field of Automotive Lighting and Rear View Mirrors. Under the MoU, Ichikoh will have equity participation in Fiem and extend technical assistance for development and manufacturing of Automotive Lightings & Rear View Mirrors for various car manufacturers in India.

Earlier, the Company had entered into Technical Support Agreement with Ichikoh Industries Ltd for Rear View Mirrors.

The MoU has been signed by Mr. J K Jain, Chairman & Managing Director of Fiem Industries Ltd and Mr. Yukio Ichikawa, President of Ichikoh Industries Ltd, Japan.

Currently Fiem Industries Ltd's major business comes from the two-wheeler segment. The Management perceives the signing of this MoU as a big leap for further strengthening the company's position in the Four Wheeler Segment.

In addition to rear view mirrors, head lamps, tail lamps, roof lamps, wheel covers,rear fender assembly, frame assembly and mudguards the Fiem also manufactures various sheet metals parts and plastic components.

The Company’s existing plants are located at Kundli (Sonepat), Hosur and Mysore.

 
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