Fasteners diversification
Asia & Africa News
- November 2020
- Image: Courtesy of Sundram Fasteners Ltd
Sundram Fasteners Ltd is to extend into the aerospace and defence sectors, partly to reduce the company's dependence on the automotive sector. Managing director Arathi Krishna confirmed: We have commenced operations in defense and aerospace to de-risk our business model, and shelter it against the cyclical nature of the auto industry. Currently, the auto to non-auto business stands at 80:20 ratio. Going forward, we would like that to be in the ratio of 75:25.