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Through this partnership, Powerdown gets a consistent supply for their product range, manage and control standards and quality for their products.
Date: February 10, 2018
Australia/Gurugram – Commercial vehicle shock absorbers Manufacturer Powerdown Australia Pty Ltd. of Australia picked one third equity in the Indo-Italian joint venture Sabo Hema Automotive Private Ltd of Gurugram, a manufacturer of shock absorbers and suspension components, thus joined as equal partner with Roberto Nuti Spa of Italy and the Hema Group of Industries of Gurugram.
The move will not only help Powerdown to further manufacture its product range in India but will also supply to demands encountered all over the world.
Powerdown started its association with Sabo-Hema as a customer from the year 2014. Through this partnership, Powerdown gets a consistent supply for their product range, manage and control standards and quality for their products and provide backward integration by entering business into manufacturing for an extended range of products, while Sabo Hema gets extended and environmentally diversified product ranges and access to already developed market in the Asia-Pacific market.
Mr. S N Ahmed, CEO, Sabo Hema Automotive Pvt Ltd said "Since the establishment of a three-year long working relationship between Sabo Hema and Powerdown, we collectively have developed and supplied a range of products that have been manufactured to Powerdown's specifications. This close collaboration on existing and future projects will establish a platform that would make a successful long-term relationship,"
Mr. Bruce Gatgens - chairman Powerdown Australia Pty Ltd. said "Powerdown supports the venture with over 33 years of experience and technical knowledge in the shock absorber industry, an established OEM and aftermarket distribution network, a foot print into new markets and an increasing overseas clientele base. Currently, Powerdown are OE suppliers to a number of truck and trailer manufacturers in Australia that could lead to further opportunities in Australia and abroad,"
Powerdown Australia Pty Ltd is the manufacturer of commercial vehicle shock absorbers in Australian and New Zealand, developed the most comprehensive range of truck, trailer & bus shock absorbers.The Powerdown product range includes Shock absorbers for trucks, trailers, buses plus other specialist applications, Steering and cab dampers, Polyurethane suspension bushes, cabin and engine mounts, Gas springs for engine bay doors and luggage compartments, Bracket kits. Powerdown also distribute for the following quality brands Hadley and Ridewell height control valves, Link Cab Mate products & Cat’s Eye Tyre Monitoring Devices, Phoenix, Primeride & Continental Contitech North America air springs.
Sabo Hema Automotive Pvt ltd established in the year 2010, A 50:50 mutually endowing and win-win Joint Venture between the Roberto Nuti Spa and Hema Group of Industries. They cater shock absorbers, air springs & air bellow to commercial vehicles manufacturers in India as well as supply to Italian market, products suit for Tata, Ashok Leyland, Man, Amw, Eicher, Volvo Mercedes Benz, Daf, Fiat, Isuzu & Scania.
Roberto Nuti Spa is the exclusive distributor of SABO products, which are designed for industrial vehicles and manufactured by the companies in the group: the range of shock absorbers, air springs, components for steering and suspension as well as MUPO shock absorbers and forks for motorbikes and scooters.
Hema Group of Industries established in 1984, leading original equipment manufacturer for major two-wheeler and four wheeler manufacturing giants of the country. With an annual turnover of more than Rs.904 crore (USD $ 141.25 Millions) - FY (2014-15). The group has units in India covering from Haridwar in Uttrakhand to Hosur in Tamilnadu with its corporate office in Gurgaon. Hema Group has expanded its footprint beyond India and diversified into other specialized hi-end products and components. Hema Group has the distinction of being the first Indian company to start a Greenfield manufacturing facility in Bosnia and Herzegovina.
