8/19/2016 6:10:00 PM
NEWS BRIEFS
Bulten Signs Contract with Russian Auto Maker

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Bulten signed another contract to supply fasteners to a Russian vehicle manufacturer. The annual order value is for EUR 700,000.

“With this contract, we have made a significant breakthrough in the Russian market and further strengthened our position as manufacturer of high quality fasteners. We see good opportunities to continue to grow the business and increase our market share,” stated CEO Tommy Andersson.

Deliveries are expected to start in the second quarter 2017 to gradually increase up to full capacity in 2018. After that, deliveries will continue over a number of years. The full annual value is expected to reach EUR 700,000 in 2018 and then follow the life span of the vehicle and the volume curve.

Founded in 1873,Stockholm-based Bulten supplies fasteners to the global automotive industry. The company has 1,200 employees in nine countries. Web: bulten.com