Supreme Group Takes Full Ownership of Supreme – Treves Private Limited to be Renamed as ‘Supreme Treon Private Limited’
Mumbai, June 30: Supreme Group, the largest and most
diversified Nonwovens group in India, today announced taking 100% ownership of Supreme-Treves Private Limited. The Company
started in 1996 as a joint-venture between Supreme Nonwovens Private Ltd and
Treves S.A.S, France. It is a Tier-1 system supplier of Automotive Interior
Trims and NVH components. With Supreme Group taking full control, the Company is
being renamed as ‘Supreme Treon Private
Limited’.
On the occasion Mr. Amit Kavrie, Executive
Director, Supreme Treon Private Limited said “India is at the cusp of a major transformation and the timing is apt
for Supreme Group to take 100% ownership. This reaffirms the commitment of
Supreme Group to our customers in the automotive industry.”
He further said, “The Supreme Group is in a very
strong position to independently take strategic decisions that will help the Company
focus on its core strengths while simultaneously nurturing growth opportunities
with new products and markets. We strongly believe that this will set the Company
on a journey towards being a global player.”
Supreme Treon is the largest supplier of
interior trims and NVH components with strong design, development, tooling,
engineering and manufacturing capabilities. The Company is the supplier of choice to practically
all the major automotive OEM’s and enjoys around 50% market share. The Company
has 12 manufacturing plants strategically located across automotive
manufacturing hubs and supplies to over 100 different passenger and commercial
vehicle models.
Going forward the Company plans to further strengthen
its position by investing heavily on R&D in areas of composite material
technologies for automotive safety, passenger comfort and environmental
compliance. Supreme Treon looks forward to ushering in a new era of growth and
innovation to enable its global automotive OEM customers to create products of higher
value for the evolving auto customer.
Comments
Post a Comment