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Lohia Group acquires Israel-based Light & Strong, forays into defence sector

Tuesday, 12 Feb 2019
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The Kanpur-based Lohia Group has acquired Israel-based Light & Strong, which manufactures aerospace and military grade carbon fibre and glass fibre composite components. With this, the company has forayed into the defence sector.

The company plans to set up a facility to produce aero structures for UAVs, fighter jets, commercial aircraft as well as space missions.

The company plans to set up the new composite unit at a 10 acre facility in the Uttar Pradesh Defence Corridor. It is likely to get multiplier benefits under the defence offset rules in the offing.

Work on the new facility at Kanpur, Uttar Pradesh, is expected to begin by the middle of 2019 with production to commence by early 2020.

The facility will also target customers such as HAL, BDL and ISRO that need composite parts for ongoing projects.


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