Press Release: Avlock India - 001 Published Feb, 2013
Avlock International Pty Ltd, South Africa and the promoters of Avdel India Private Limited
announce a joint venture to manufacture fasteners and fastener installation equipments in India.
Both groups combine their strengths to provide total fastening systems solutions to the Indian Rail, Automotive, Power Generation, Mining, Sugar, Whites Goods, Building and Construction and Electronics industries in India.
The joint venture combines the global resources and expertise of Avlock International and The Bulchandani Group. The joint venture will operate under the name of Avlock International India Private Limited and will be based in Mumbai, India. The JV will capitalize on the strong reputation Avlock has developed as a leading provider of fastening systems around the world and the excellent infrastructure and target customer access shared by the Indian promoter group.
“This agreement represents each organization’s strong commitment to provide customers with a single source for their complete fastening needs” commented Koshi Thomas, Avlock International’s Country Manager.“While Avlock have already been supplying products in India for over ten years through various distributors, this joint venture expands the Avlock brand directly into India and gives the customer direct access to our products and services”, stated William Wooldridge, CEO of Avlock International Pty Ltd in South Africa.
The product lines for the joint venture will include special Lockbolts and power rigs which are used widely in Indian Rail, Power Generation, Solar, Sugar and Mining Industry. As well as all types of special fasteners for various applications in the Automotive, Electronics, White Goods, Building and Construction and Switch Gear Industries. The product line will carry the various Avlock brands, including Hydrafast, Hydraloc and Hydrapac. The joint venture will sell all Avlock products exclusively to Indian customers.