Fiem believes that strategic fit alliances and expansion in other geographies are imperative to overall growth and excellence in manufacturing, production and marketing as it opens new opportunities and gives access to newly developed emerging technologies. Hence, Company is open to explore strategic alliances and venture to new geographies.
Technical Assistance Agreement with TOYODENSO Co. Ltd., Japan
The Company has signed a “Technical Assistance Agreement” with TOYODENSO Co. Ltd., Japan and Toyota Tsusho Corporation, Japan for manufacturing of Bank Angle Sensor for motorcycles for Indian Market.
Technical Assistance Agreement with Aisan Industry Co. Ltd., Japan
The Company has signed a “Technical License and Assistance Agreement” with Aisan Industries Co. Ltd., Japan and Toyota Tsusho Corporation, Japan. Under technical support from Aisan, the Company is manufacturing ‘Canister’ (An Emission Control System product) in its Tapukara Factory.
Fiem Kyowa (HK) Mould Company Limited (Joint Venture in Hong Kong)
A 50:50 Joint Venture Company in Hong Kong with KYOWA Co., Ltd., Japan to engage in the business of high class molds / tools for Automotive and other applications. This venture will have an added advantage as this will enhance the level of confidence among Company’s existing and prospective OEM customers by way of shortening the development time for tooling considerably.
Fiem Industries Japan Co., Ltd. (Wholly-owned Subsidiary)
The Wholly owned subsidiary was set-up in Japan as an extended arm of the Company for liaison with Japanese customers like Honda, Suzuki and Yamaha etc., support in Designing, R&D and new business development. Parent Company (Fiem) is getting full support in above areas from Fiem Industries Japan Co., Ltd.
Fiem Research & Technology S.r.l. (Wholly-owned Subsidiary)
A wholly-owned subsidiary incorporated in Italy and a Design Centre set-up in Turin, Italy to further strengthening the Designing and R&D capabilities of the Company and to Design and Develop next generation automotive lighting solutions for valued OEMs.
