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...