Fiem Industries inks MoU to establish JVC in India

Fiem Industries has signed a Memorandum of Understanding (MoU) with Su-Kam Power Systems for proposal of establishing a 50:50 Joint Venture Company (JVC) in India for the purpose of selling and marketing LED lighting products manufactured by Fiem Industries under joint brand ‘Su-kam FIEM’.

Both the companies have agreed to synergize their existing capabilities to work jointly and management of Fiem Industries envisages that this will be a strategic marketing venture, as nationwide distribution network of Su-kam will be available for Retail Market in Indian Territory for LED Lighting products manufactured by the company.

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.