Delta Manufacturing has approved the incorporation of ‘MMG Ferrites’ (MFPL), a new wholly owned subsidiary, proposed to be the joint venture company between PREMO, S.L. and the Company to undertake the business of soft ferrite manufacturing.
MFPL will undertake business as manufacturers and dealers in Soft Ferrite, Electronic instruments, Electronic and Electric Equipment, Electronic Components, Magnetic Tapes etc. Incorporation of new company will be tentatively completed by June 30, 2024.
Delta Manufacturing (DML) is one of the oldest business house in India, incorporated in 1982. The company has two primary business lines: (i) The manufacture and supply of magnets to tier 1 suppliers of all the two wheeler, three wheelers, passenger vehicles, electronic components and aerospace OEMs in India and worldwide, which it undertakes through its magnet division. (ii) The design, manufacture and supply of a wide range of garment trims in India i.e, woven labels, heat transfers, fabric printed labels, elastic & non-elastic tapes primarily to major garment / textile companies in India.
