At the 2009 International Materials and Components Industry Show 2009 there are more than a few metal materials companies. However, one stands out, the mark of a new trend in international business. River, a precision engineering company from India, shows that the three-man game of Japan-China-Korea has a fourth player now.
The company makes all kinds of metallic components for anything, from connector housings to brackets, shafting hoods, crank shafts, and pipes. The company has been newly set up last year. It has imported expert technical information from Mecan-Decoupe in Switzerland, and put together with its state of the art machinery and testing equipment has already begun creating world-class products with only 0.01 millimeters tolerance for variation, according to one Mr. Chung, who is representing the company in Korea.
The Korean connection is that the company’s first overseas export activity is with a subsidiary of Samsung, Sam Dong Co, making high-quality coil components for their electronic devices. A visitor to the booth, Mr. Shigeru Aoyagi, expressed great interest in the company’s products. He said that his company, Venn Co., from Japan, is looking for high quality coils for their manufacturing process. Previously they used Chinese company’s products, but the quality is generally lower than their standards. He travelled to the show in order to find Korean companies willing to supply them with coils, because Korean manufacturing has a reputation of being higher quality than China. However, if an Indian company can produce the coils, as the River company does, then they can probably produce a cheaper and potentially higher quality product. Mr. Aoyagi said he would return the next day for a more detailed discussion.
