more-inSundram Fasteners Ltd., a TVS Group company, has strengthened its presence in China by setting up a foundry unit at Zhejiang. The foundry unit is a backward integration effort by its ₹250-crore revenue China subsidiary, Sundram Fasteners (Zhejiang) Ltd. SFL was the first Indian engineering firm to set up a production unit in China many summers ago. Arathi Krishna, managing director, said that the product offerings of the company had become well diversified. Both Ms. Arathi and Mr. Krishna said that times were exciting for the automobile industry and SFL.

Source: The Hindu May 09, 2018 15:33 UTC