Gruppo Fontana has signed a definitive agreement to enter a strategic partnership with Bagla Group of India.
Based in Aurangabad, Bagla Group has annual sales of around INR 5 billion (EUR 68 million) servicing the automotive, engineering and domestic appliance sectors with aluminium die castings, wheels, electrical components, and fasteners. Customers include VW, Maruti Suzuki, Tata Motors, Piaggio, Bajaj Auto, Delphi, Bosch, Behr, Magna.
In a statement Bagla said: "The partnership with Gruppo Fontana would enable the fasteners business of Bagla Group to acquire necessary technological expertise, size and scale to become the largest fastener manufacturer in India."
Bagla started making fasteners in 2006. Its fastener plant is TS 16949 accredited producing M4-M14 male threaded parts and nuts to M18. Formers range up to 6 die, and it has in-house continuous line heat treatment and electroplating and zinc flake lines.
Giuseppe Fontana, Fontana vice chairman said: “India is the most promising economy in the world at this stage and we are committed to serve our global customers having a presence in India. Additionally, the Fontana Gruppo proposes to use the local manufacturing capabilities and engineering expertise in India to serve its customers in various countries.”
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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