Your location:  Home  >  Bearing News  >  
<<  Back

Fontana Gruppo, Italy and Bagla Group tie-up for fasteners business in India

Resource from:  Economic Times Likes:199
Sep 25,2015
MUMBAI: Fontana Gruppo, Italy and Bagla Group have signed definitive agreements to enter into a strategic partnership for the Fasteners Business in India. "The strategic partnership with Bagla Group in India is a key milestone in our strategy to increase our footprint in Emerging Markets. India is the mostpromising economy in the world at this stage and we are committed to serve our global customers having a presence in India, said Giuseppe Fontana, Vice Chairman of Fontana Gruppo. The Fontana Gruppo proposes to use the local manufacturing capabilities and engineering expertise in India to serve its customers in various countries. Bagla Group, led by Rishi Kumar Bagla, is a leading automotive component supplier based in Western and Northern India and has interests in aluminum die casting, automotive fasteners, automotive electricals, refrigeration products. Fontana Gruppo of Italy is the global technology leader in Fasteners Business, having revenues of about $1 billion, over 4,200 employees and 20 production plants based in Europe, in the United States, in Mexico, in Brasil and now in India as well as a sales organization in all continents. Its key customers are most of the world leading OEMs including FCA, Volkswagen Group, Ford, General Motors, Caterpillar, RNPO, PSA, Tata, CNH, Cummins, Bajaj BMR Advisors, together with its Italian network firm, Translink Corporate Finance acted as financial and structuring advisors to the Bagla Group, while BMR Legal was the Legal advisor to the Bagla group.
(Economic Times)
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Previous  Zero-Max Load Adaptors Connect Pump Impellers in Underwater Applications
Next  Aug 17 Bearing Steel Price in Different Regions of China

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.