Fiem Industries has signed a Memorandum of Understanding (MoU) with Su-Kam Power Systems to establish a 50:50 Joint Venture Company (JVC) for selling and marketing LED lighting products manufactured by Fiem Industries under the joint brand ‘Su-kam FIEM’.
Under the JV, both the companies have agreed to synergise 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.
