Sandhar Tooling was incorporated in 2002 as a joint venture between our Company and Steady Stream Business Limited, Taiwan (“Steady Stream”). Our Company acquired Steady Stream’s stake in Sandhar Tooling in fiscal 2012. Sandhar Tooling is engaged in commercial tooling.
In fiscal 2008, we acquired the business of TECFISA, Spain, which was engaged in aluminium die casting of small parts and mould design into our Subsidiary, ST Barcelona. ST Barcelona has three wholly owned subsidiaries, ST Mexico, ST Poland and Breniar Projects.
The manufacturing facilities operated by ST Barcelona are located at Spain, Mexico and Poland.
Sandhar Han Sung is a joint venture between our Company and Han Sung and is engaged in manufacturing of high precision press parts, insert moulded contact plates and switches. Our Company holds 50% of the equity capital of Sandhar Han Sung.