Bulten wins strategic consumer electronics contract in Asia
Bulten, via its subsidiary PSM International Holdings Limited (PSM), has signed a strategically important agreement in China regarding the supply of fasteners to a leading provider of consumer electronics. The agreement has an estimated annual value of approximately SEK 50 million. Deliveries are planned to begin in August this year.
“This is a strategically important contract for us, as it further diversifies our customer base and strengthens our position on the Asian market. 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,” says Anders Nyström, President and CEO of Bulten.
For further information, please contact:
Ulrika Hultgren, SVP Corporate Communications & IR, +46 (0)727-47 17 58, ulrika.hultgren@bulten.com
Bulten Group is one of the leading suppliers of fasteners to the international automotive industry. The company’s product range includes everything from customer-specific standard products to customized special fasteners. The company also provides technical development, line-feeding, logistics, materials and production expertise. Bulten offers a Full Service Provider concept or parts thereof. The company was founded in 1873, has some 1,600 employees in 16 countries and a head office in Gothenburg, Sweden. The share (BULTEN) is listed on Nasdaq Stockholm. Read more at www.bulten.com.
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