August 3, 2012:
China, where Sundram Fasteners Ltd has local operations, is also in recession mode. But the company says it is investing in the dragon country for the long term.The company set up a manufacturing plant in China six years ago, one of the first to set up shop there. “We now have enough savvy and know-how in this market. We are looking at China 25-30 years from now.”
SFL began its journey here by partly diverting production from India to gain traction in the Chinese market.
via Business Line : Companies News : Sundram Fasteners investing in China with long-term plans.