8/13/2009
NEWS BRIEFS
Auto Fastener Maker Expanding

India-based Leo Fasteners plans to boost capacity by 25%, the Economic Times reports.

Part of the Grace Infrastructure Group, Leo Fasteners supplies automotive fasteners to more than 300 customers.

“We anticipate a growth of 10-12% if the market sustains at current levels,” says Leo Fasteners director A L Shah.

Facing space constraint at its two factories, the company is scouting for an additional 10-12 acres to build more capacity.

Parent company Grace Infrastructure has invested millions of dollars in a windfarm as part of its targeted growth in wind energy. ©2009 GlobalFastenerNews.com