Over the years, the global fastener industry has transformed into a competitive sector with several small and large-scale manufacturing companies operating across the globe. The industrial demand is expected to increase at around 5.5 percent annually. Echoing this growth, the Indian fastener industry is also estimated to maintain its growth trajectory in the coming years.
The major reason for the progress of the fastener industry can be attributed to the increased focus of making India a manufacturing hub under the ‘Make in India’ initiative of the Government of India. It has given a much needed boost to the construction activities and automobile manufacturing in India and other South Asian countries while enabling the expansion / modernization of the infrastructure including Railways. The automobile industry is one of the largest consumers of fasteners, accounting for over 50 percent market share. Emergence of India as a global hub for manufacturing automotive components and fasteners with high export commitments has also made this industry move north.
Promising growth
The Indian fasteners market is classified on the basis of application, product type and the organization of the market. The market is fragmented, and with all-round industrial development, the segment is witnessing great opportunities and scope, offering promising
growth. The fastener industry’s largest market comprises the Asia-Pacific region with a major share of fasteners manufactured globally. A wide range of fasteners are manufactured in the Indian market, which cover broadly a comprehensive range from the low end of the spectrum to high quality, value added fasteners and other components.
With help from Government of India’s ‘Make in India’ initiative, the Indian manufacturing sector is expected to generate huge demand for industrial fasteners not just for the captive consumption in the country, but act as a conduit for Exports in a big way. The recent push by the Hon’ Prime Minister to increase India’s exports to $ 440 billion in the FY 2021-22 is a step in the right direction.
Mohindra Fasteners Limited (MFL), a fasteners manufacturing unit, located in the NCR region at Rohtak, Haryana is moving to take advantage of these opportunities. The company has three manufacturing locations in Rohtak and is currently building the new green field facility to be ready in Q1 2022, which will increase its capacities by over 30 percent. The company is ISO 9001 (2015) certified with quality systems conforming to IATF 16949 (2016).
State-of-the-art Machinery for Cold Forging
Using the state-of-the-art machinery for cold forging processes, MFL can manufacture a wide range of industrial fasteners like Bolts, Studs, Screws and Special fasteners as per customer’s drawings and can offer the same in various metallurgical grades, dimensions and many different kinds of surface finish conforming to EHV/ROHS norms. Additionally, with the help of in-house hot forging Unit, MFL caters to the bigger and odd size requirements of the customers.
With the help of in-house hot forging Unit, MFL caters to the bigger and odd size requirements of the customers
Apart from the above, the company has in-house operations like wire treatment, secondary operations like grinding, machining and milling on CNC controlled machines for producing precision components with uncompromising quality. The PLC controlled Continuous Heat Treatment lines ensure consistent quality in different material and property grades with an externally audited CQI9 certification.
The company exports over 70 percent of its production to the European and North American markets and has been consistently earning FOREX for the country since 21 years. It also supplies to a couple of OEMs and Tier-I manufacturing units for the automotive companies. The company boasts of an independent laboratory which operates as per norms laid-out by ISO 17025 and is NABL certified.
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