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Fiem Industries inks MoU with VKL Holding

27 Mar 2017 Evaluate

Fiem Industries has signed a Memorandum of Understanding (MoU) with VKL Holding Co. SPC, a Company established in the Kingdom of Behrain. As per MoU, both the entities are interested for feasibility study and thereafter establishing a joint-venture company in Behrain to facilitate a joint working partnership between both companies to establish a LED Lighting factory to manufacture and market LED Lights in Behrain and whole of Gulf Cooperation Council (GCC) member countries.

VKL Group is a Behrain based large diversified group and engaged in fields of construction, real estate investment and development, hospitality sector, healthcare sector, education sector, marine sector, trading etc.

Fiem Industries is one of the leading manufacturers of automotive lighting & signaling equipments and rear view mirrors. The company is supplying its products to almost all major OEMs in the domestic market as well as few global OEMs.

Peers
Company Name CMP
SamvardhanaMotherson 165.60
Tube Investments 2519.15
Bosch 48100.00
UNO Minda 1218.00
Bombay Burmah Trdg. 1435.30
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