Bulten AB is establishing manufacturing operations in India through a newly formed joint venture company, Bulten Radium Industries Private Ltd. This is being undertaken alongside two partners – Radium Fasteners Private Ltd and ZJK Precision Parts HK.
Anders Nyström, president and CEO of Bulten, explains: “Our ambition is to increase sales, primarily of micro screws, to companies in the electronics industry. India is a growing market for this segment, as many international manufacturers of electronics are locating more and more of their Asian production in India.”
The operation will be based at a new production plant currently being constructed in Jamnagar, in the western Indian state of Gujarat. The aim is to be fully up and running during the second quarter of 2024, with about 50 employees. The building will be leased by Bulten Radium Industries and, therefore, involves only limited investment costs for Bulten, which has a 51% stake in the newly formed JV company. For its part, ZJK has previously been a partner to Bulten in the manufacture of micro screws in China, while Radium is a newly formed company owned by experienced players in India’s fastener industry.
As well as the new joint venture, Bulten also operates in India through its recently acquired distribution company, Exim Mfr & Enterprise.
Will joined Fastener + Fixing Magazine in 2007 and over the last 15 years has experienced every facet of the fastener sector - interviewing key figures within the industry and visiting leading companies and exhibitions around the globe.
Will manages the content strategy across all platforms and is the guardian for the high editorial standards that the Magazine is renowned.
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