The global industrial fasteners market size was estimated at USD 83.34 billion in 2018. It is anticipated to expand at a CAGR of 4.1percent over the forecast period of 2020-2025. Rise in custom fastener manufacturing coupled with product penetration of plastic variants in the automotive industry is expected to propel growth over the projected period. Shifting manufacturing trends towards producing innovative products, such as specialty, miniature, and hybrid fasteners to tap the altering consumer demand are projected to bode well for growth. Furthermore, market participants are engaging in mergers and acquisitions to increase their production capacities, product variation, and geographical reach, thereby strengthening their position.
“With specialty fasteners as a mission, Randack Fasteners India was promoted in technical collaboration with Randack Spezialschrauben, Germany, a pioneer in the field of specialized fasteners. Randack Fasteners India is an exemplary theme of India’s ability to match contemporary and World class manufacturing practices & meet the highly critical requirement of Indian & Global supply chain. We are engaged in manufacturing & exporting a wide range of High Tensile Fasteners and also customized fasteners and all products are manufactured using quality raw material & advanced technology to maintain
High Quality Standard”, states Sateesh Bhide, Director, Randack Fasteners.
Quality as the Purpose
Randack leads the industry in delivering on customer needs & building competitive advantages for their customers. Having started the business with production of the high tensile fasteners for the Wind Industry, today RFI is one of the renowned & leading fastener manufacturing Companies for Wind Turbine. With advantages of their expertise & business opportunities, RFI has gained ground in the high-tech sectors such as Hydro power generation, Diesel Engines, Marine Engines, Oil & Gas, Railways, Pumps & Valves, Construction heavy equipment, solar Power & other requiring tailor made fastening system.
Randack Fasteners India is an exemplary theme of India’s ability to match contemporary and World class manufacturing practices & meet the highly critical requirement of Indian & Global supply chain
“We mostly specialize in high tensile fasteners. There are a number of critical application sectors that our company manufacturers for. Apart from that, we supply to most of the wind turbine operations in the country and globally as well abroad. We supply products in the manufacturing of airports and heavy bridges. When it comes to railways, Randack fasteners are used by the German and Canadian railways. RANDACK FASTENERS INDIA is approved for (TPG) Transportation & Power Generation Accreditation Program in Non Destructive testing. This certificate is granted and awarded by the authority of the Transportation and Power Generation”, says the Director.
Also Randack has won the Excellency Award by Institute of Economic Studies of India.
Future Projections
Since its inception in 2008, Randack Fasteners has come a long way with wisdom and recognition. Not only in India, even in other countries, businesses have grown a sense of trust with the quality of products manufactured by the company. Currently, RFI has the biggest zink flake coating facility in Asia and also a producer of high tensile fasteners in the country.
Speaking about the future goals of the company, the Director concludes, “We are trying to expand our exports and grow thrice as much in the next 6-7 years.”
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