Business Standard: September 01, 2016
Mumbai: The Germany-based Tristone Flowtech Group, the former subsidiary of Trelleborg Automotive and a flow technology systems specialist, has announced the completion of construction activity for its upcoming new plant in India located at Pune.
The company plans to start the production at the plant in the fourth quarter in 2017. The new plant will have manufacturing, as well as warehousing capabilities. In addition it will host the future surge tank production as well as engine cooling and aircharge hose production for the Indian market. The company has a wholly-owned subsidiary in the country, Tristone India. It had established the new sales and engineering company in Pune in September 2015 to further support the market entry in India.
Tristone Flowtech is highly specialised on fluid applications in the areas of motor and battery cooling as well as aircharge and air intake systems. The group is benefiting from the trend towards a reduction of space and fuel consumption with the introduction of polyamid materials as well as the introduction of new powertrain concepts with hybrid and electrical cars and the integration of fluid motor and battery cooling systems.
The group, which recorded an annual turnover globally of Euro 228 million in 2015, is expecting a continuous growth in sales of 9 percent to Euro 247 million in 2016.
Tristone Flowtech, established based on a spin-off of the former fluid automotive business unit of Trelleborg AB in July 2010, is supplying to the automotive customers Renault, Nissan, PSA, FiatChrysler, Ford, Volvo, General Motors, VW Group, Suzuki, BMW, Daimler, Suzuki, Bosch as well as further tier one suppliers.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.