The global industrial fasteners market was worth USD 88.43 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.5 percent between 2022 and 2030. Industrial fasteners are high-quality fastening products used primarily in the construction, automotive, aerospace, and marine industries. Growing machinery, motor vehicles, and other durable goods production are likely to support the overall market growth due to economic expansion and high investment expenditure.
Micron Precision Screws, which has been in business since 1979, is a major player in this industry. Micron Precision Screws has the capability of designing and developing any component required in the general and automobile industries owing to advances in technology and ongoing infrastructure investments. This has enabled Micron Precision Screws to make a mark as an international fastener manufacturer.
Micron Precision Screws strives to be a company with a progressive approach by upholding high international quality standards and providing the best services at every contract to ensure client satisfaction and a healthy long-term relationship. “We believe that fulfilling customer requirements and responding to the needs of the ever-changing new business environment will help us to seize opportunities in the global automotive & industrial fastener market,” shares Romesh Vig, Founder, Micron Precision Screws.
Core Competency
Micron Precision Screws manufactures a wide range of standard and special industrial fasteners with diameters ranging from M4 to M40 mm in inch as well as metric series in various grades: 4.6, 5.6, 8.8, 10.9, 12.9, and 14.9 conforming to various standard specifications for complete tensile strength and meticulous precision. Micron Precision Screws, as one of the premium fastener manufacturers, has the capacity to produce 2000 MT of precision manufactured fasteners and offers 5000 distinct types of fasteners ranging from 4mm to 40mm in diameter and length up to 400 mm in various grades (4.6, 5.6, 8.8, 10.9, 12.9, and 14.9).
Its fastener manufacturing plants are well-equipped with the latest cold and hot forging technology, allowing it to manufacture both standard and novel high-tensile fasteners. Multi-Station Boltmakers, Single Die Double Blow Headers, and Metal Gathering Machines for various lengths and diameters are deployed, as well as Flat Rolling Machines and Circular Thread Rolling Machines for various diameters.
Centreless Grinding Machines, Capstans, and Bolt Trimmers are among the other machines. The firm also has a Turning Center to produce any form of Turned Component. Micron Precision Screws, as one of the best international fastener manufacturers, has a cutting-edge plating plant that allows for surface treatment such as oxidizing, zinc phosphating, electro galvanizing with white, yellow, black, and green passivations, as well as hydrogen embrittlement removal.
The company has a well-maintained In-House Heat Treatment Plant. Shaker Hearth Furnaces, Automatic Tempering Furnaces, and Blackening Furnaces are used in the heat treatment process of fasteners. Micron Precision Screws has a well-equipped Tool Room where it designs and develops equipment required to build Dies in order to remain one step ahead of other fastener manufacturers. It has a lathe, a surface grinder, a cylindrical grinder, a milling machine, and a drill machine. Significantly, the company can produce any Special Fastener based on customer samples or blueprints, which is what truly distinguishes Micron Precision Screws from other mass fastener producers.
Quality Assured Products
Micron Precision Screws seeks to provide high-quality products by conforming to national and international quality standards such as DIN, BS, IS, and ANSI, among others.
It ensures that ISO 9001: 2015 is implemented correctly in fastener production plants and is now pursuing IATF 16949:2016, ISO-14001:2015, and OHSAS 45001:2018 certifications. The firm strives to meet Six Sigma requirements for effective business processes by combining systems from multiple disciplines into a more powerful management system with customer satisfaction as the primary goal. Its quality policy also involves cost control to ensure optimum pricing for the company's products, as well as effective training programs and employee motivation.
The management system of Micron Precision Screws plans, implements, and continually assesses overall plant efficiency. Before dispatch, the products are subjected to a series of physical, mechanical, and metallurgical tests. It employs a variety of testing equipment, including a Magna Flux Machine, a Hardness Tester M/C, a Torque Tester, Metallurgical Micros, a Profile Projector, Salt Spray Equipment, Coating Thickness Equipment, and a Universal Testing Machine to ensure its high-quality standards. Measuring instruments such as micrometers, vernier calipers, pitch micrometers, dial bore gauges, height gauges, ring gauges, slip gauges, radius gauges, and thread profile gauges are employed in the operations required for quality maintenance.
Journey of Excellence
Micron Precision Screws (MPS) was founded in 1980 by Romesh Vig, a visionary entrepreneur with a demonstrated history of more than 50 years in the industry. Chairman Romesh Vig has rightfully been recognized as the 'Fastener Man of India' for his pioneering efforts in introducing Cold forging Technology to the country in 1962 and specifically for his expertise in manufacturing socket products. Over the years, the firm has grown significantly, garnering a prominent name in the industry. Micron Precision Screws commenced its journey with a humble beginning in a rented premise and developed a 3000 square meters enterprise within 4-5 years.
Following that, in 1990, the company developed a state-ofthe- art plant with a covered area of 75,000 square feet. It now operates 3 cutting-edge plants with a monthly manufacturing capacity of 2000MT. Micron Precision Screws has overseas offices and warehouses in Germany, North America, South Africa, and Australia. With this, the firm is making every effort to meet customer demand in the booming market. Taking into account the market's rapid growth, Micron Precision Screws plans to boost its capacity to 3000MT per month, in the upcoming fiscal year, as well as looking to expand its footprints in Belgium and New York.
Micron precision screws Strives to be a company with A progressive approach by Upholding high international Quality standards & Providing the best Services at every Contract to ensure Client satisfaction & a healthy longterm Relationship
“We are driven by the mission to provide high-quality value-added fastening products and services that will keep our client ahead of the competition and at the forefront of technology, exceed customer expectations in QCD parameters and build long-term relationships, and innovate and implement the latest technology in our product and services. All in all, we envision becoming a global brand fastening product and service provider with international quality standards," concludes Karan Vig, Marketing Director, Micron Precision Screws.
Awards & recognitions
• Chairman Romesh Vig has rightfully been recognized as the 'Fastener Man of India' for his pioneering efforts in introducing Cold forging Technology to the country in 1962.
• Rashtriya Ekta Award’ in 1999 by the Global Economic Council to Romesh Vig for outstanding individual achievements & distinguished services to the nation. This was presented by His Excellency Dr. Shankar Dayal Sharma, Former President of India in New Delhi.
• The International Business Council presented the ‘Bharat Vikas Award’ to Romesh Vig for scoring a string of outstanding achievements in his chosen field of activity.
• Romesh Vig received the 'Achiever of the Millennium Award in 1999' in the Millennium Hall of Achiever's fame conducted by the All India Achievers Conference.
• In 2003, Tecumseh Products India Presented Micron Precision Screws with an award in recognition of its support as their Best Supplier.
• Romesh Vig, and Karan Vig, Marketing Director were invited by the AOTS Alumni Society, Delhi to participate in the 'Convention for Best Practices' held at the Indian Habitat Centre, New Delhi in 2004.
• In April 2005, Standard Group of Companies felicitated the company with a gold medal and appreciation certificate for the efforts put in to maintain Quality Standards and for the Best Quality Product delivered.
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