Bangkok--15 May--reedtradex
TIDC India, a part of the US $ 1.5 Billion Murugappa Group, one of the most trusted and respected business Groups in India. TIDC India is India’s leading manufacture of power transmission chains and fine blanked components for the automotive, industrial and agricultural segments. In line with TIDC’s vision of becoming a global player in power transmission and conveyor systems, the thrust is on exports and presently 35% of the revenue is from exports. The focus markets are USA, Europe with emphasis on OEMs. ASEAN occupies a place of prominence in our plans and we are of the firm opinion that this growing region presents good opportunities for TIDC India.
Mr.A.R.Rao disclosed that “TIDC India was started in 1960, to manufacture bicycle chains and step by step, we've included over 1000 varieties of Roller chains in our range. From leaf chains and conveyor chains to industrial power transmission chains, corrosion resistant chains- Plated & Stainless steel, Attachment, Extended & Hollow pin, O ring & Self Lube, tiller, motorcycle drive chains and engine mechanism chains, our production is over 15 million meters annually.”
“Presently, TIDC operates in two different segments — Automotive and Industrial both domestic and the overseas. Domestic market — There is an upswing in the economic scenario, with the automotive industry growing at about 16%. The increase spending on infrastructure and the setting up of new ventures has given a fillip to the industrial growth. Overseas market — TIDC is poised to be a prominent player in the global market with a distinct focus on new markets. The thrust is on acquiring OEMs both in the automotive and industrial segment and offer them a complete a range of products.”
“TIDC India is renowned for its belief in ethical business practices, innovative processes and people development. Our products and services benefit our customers get through TIDC Rombo chains.
We shortest possible time to market, as TIDC has in-house Design & Development. Our products developed go through rigorous testing & certification as a result assurance of the right Product quality & safety. TIDC's manufacturing cost advantages translate directly into higher profits for our partners in order to increase much profitability. TIDC has built an excellent distribution network in Europe & USA. Therefore, the customers can trust in Reliable & short delivery time. We expand over 2,750,000 sq.ft. of factory space, to roll out our products in sufficient numbers and in keeping with stringent quality control.
“Our Product Reliability and Safety are two critical factors that have led to TIDC being a major player in the automotive industrial and agriculture segments. The first group is Automotive — Our strength lies in the ability to understand the exacting requirements of OEMs and develop products. The next is Industrial & Agricultural — Design and develop customized products for valued applications. For our target group customers, TIDC India is looking for long-term business relationships with two and four-wheeler auto OEMs; manufacturers of power transmission equipment and engineering companies. The target products are chains and fine blanked components”.
“TIDC’s Auto Parts Industry is governed by three mains factors: High degree of cost competitiveness ,Products safety and reliability and Demanding end user requirements. This industry across the globe operates in two main verticals OEMs and the aftermarket. OEMs strict adherence to technical standards with increased pressure on the vendors to reduce prices.
After market, this is purely driven by price and the supply chain has a bearing on the end price, which the customer pays. The successful important factor is the emergence of low cost, but high quality component supplies from East Asia. OEMs are constantly looking for cost competitiveness.”
“ TIDC is firmly entrenched in India as a market leader in both the automotive and industrial segments. The thrust is now on going global to further enhance our customer base. The focus markets are USA, Europe with emphasis on OEMs. ASEAN occupies a place of prominence in our plans and we are of the firm opinion that this growing region presents good opportunities for TIDC India, which I decided to provide our products to exhibit in Automotive Manufacturing 2006, June 1-4, 2006 at BITEC, organize by Reed Tradex Co.,Ltd ” Mr.A.R.Rao concluded
For more information please contact
Kaanporn Piromautta
T. 0 2686 7215 / 01 402 0218
F. 0 2686 7288
e-mail: [email protected]