Leading automobile lamp manufacturer Fiem Industries Ltd has informed the Bombay Stock Exchange that the company has entered into a 50:50 joint venture with Horustech Lighting S.r.l. Italy and incorporated a joint venture company by the name of Centro Ricerche FIEM Horustech S.r.l to set up a Design Centre at Correggio (RE), Italy.
The company is of the opinion that the design centre will add new dimensions to Fiem's designing capabilities and will prove a major strength in offering new products to its customers, The product range will include conventional and new generation LED automotive lighting and signalling equipment such as LED headlights, tail lights, turn signals and rear view mirrors etc for two wheelers and four wheeler segments and LED luminaries for indoor and outdoor applications.
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