ARaymond, a global leader in fastenings and assembly systems, has invested over Rs 40 crore to set up its fully owned first plant in India at Chakan. It has also established two technical sales offices in Gurgaon and Chennai.

The current capacity of the new plant is eight injection moulding machines, which can be increased to 29. To begin with, it will manufacture plastic fasteners like rib locks, trim clips, cable straps and tape on clips, pipe/cable clips for interior and exterior panels, and quick connectors for fuel lines for passenger cars and UVs for both Indian and global OEMs.

Antoine Raymond, CEO, ARaymond Network, said, “ARaymond’s presence here is of importance not only for our collaboration and synergies with our subsidiaries in other countries, but also to go with our customers.”

ARaymond India will now be able to increase its local content, from the current 35 per cent to 50 per cent by 2015. The company also plans to align its efforts in industrial and solar market, where it sees opportunity to help on assembly technology.

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