Lakshmi Precision Screws inks JV with EJOT

Lakshmi Precision Screws inks JV with EJOT
Lakshmi Precision Screws Ltd, a leading brand in automotive and industrial fasteners in India, announced its joint venture with EJOT Germany Gmbh, a leading European group of companies in the construction fastening market.
The joint venture between the two companies combines best-in-class technology and product knowledge of EJOT with the market comprehension of LPS, thereby establishing a new benchmark for quality assurance, quality control and timely delivery of customised solutions to customers. Speaking on the occasion, Lalit Kumar Jain, Chairman and Managing Director, LPS, said, “This is a significant development for LPS and it is an honour to announce this venture at this point in time. The JV will provide a superior experience to our existing and potential customers in India and neighbouring countries, not only by way of high end products but also by way of solutions that have been tested and approved globally by the most demanding applications. LPS and EJOT bring more than 150 years of product innovation, management and marketing experience in the fastening segment and we are confident of providing optimal value to our customers.”
The JV is the first Indo – German joint venture in the organised construction fastener segment in India. The solutions will be manufactured, marketed and customised by LPS drawing from the in-depth product and market knowledge, dynamics and technical know-how and transfer offered by EJOT.
There was a definite need for an able technology partner in the construction fastener segment and our joint venture with EJOT will provide the right direction and impetus for a solution oriented approach to products and services in the Indian market,” said Gautam Jain, Managing Director, LPS EJOT Fastening Systems Pvt Ltd.

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