Bulten, via its subsidiary PSM International Holdings Limited (PSM), has signed an agreement in China regarding the supply of fasteners to a provider of consumer electronics.

The agreement has an estimated annual value of approximately SEK 50 million (US$5.7 million). Deliveries are planned to begin in August.

“This is a strategically important contract for us, as it further diversifies our customer base and strengthens our position on the Asian market,” stated CEO Anders Nyström. “It is an effect of our earlier acquisition of PSM, which provides good opportunities to grow in Asia and in various segments, including consumer electronics.”