Kular International to install wheel building plant; To sign MoU with Mach1 (France)

Ludhiana, November 3, 2018: Gurmeet Singh Kular, President, FICO & Managing Director M/s Kular International, met Pereira Jein of M/s Mach1 Wheel Components (France) in Taipae Cycle Show 2018, and had a detailed discussion regarding the upcoming High Tech Cycle Valley Project in Ludhiana, Mach1 Wheel Components is interested for a joint venture in India regarding high tech wheels manufacturing plants for bicycles, Kular has agreed for the joint venture. The new plant will manufacture the high tech rims for the high end bicycles, also the extruder will be manufacturer the raw material of in the same plant.
It is notable that Kular Group is the largest manufacturer of bicycle rims & Mudguards in the MSME Sector in India. Mach1 is European machinery manufacturer and is the king in their segment. Their single machine can manufacture a complete rim in around 30-35 seconds with much precision & accuracy.
"It is the vision of our Chairman (FICO) K.K. Seth, that we should not import products, rather we should import the technology, the machinery, so that we could manufacture the products with same standard and quality here in India", said Kular.