Suprajit Engineering in South Africa

Suprajit Engineering’s Strategic Expansion and Financial Milestones

Johannesburg, South Africa – August 12, 2025

Suprajit Engineering, a leading global manufacturer of automotive cables and halogen bulbs, has recently undertaken significant strategic initiatives to bolster its international presence and financial performance.

Acquisition of Stahlschmidt Cable Systems

In June 2024, Suprajit Engineering completed the acquisition of Stahlschmidt Cable Systems (SCS), a German-based manufacturer specializing in light-duty cables. This acquisition, valued at €13.5 million, is expected to contribute approximately €50 million in revenue to Suprajit upon full integration. The deal encompasses operations in Germany, Canada, China, Poland, and Morocco, with plans to streamline operations and enhance cost efficiency. (cnbctv18.com)

Joint Venture with Chuo Spring

In November 2024, Suprajit Engineering entered into a Memorandum of Understanding (MoU) and a Technical Assistance agreement with Japan’s Chuo Spring Company Ltd. This collaboration led to the formation of a 50:50 joint venture in India, focusing on the design, manufacture, and supply of transmission cables. The partnership aims to leverage Chuo Spring’s proprietary technology to serve major Japanese passenger vehicle original equipment manufacturers in India. (cnbctv18.com)

Financial Performance and Share Buyback

Suprajit Engineering reported a 15.16% increase in net profit, reaching ₹38.14 crore for the quarter ending June 2024, compared to ₹33.12 crore in the same period the previous year. Sales rose by 8.12% to ₹734.86 crore. In August 2024, the company announced a share buyback of up to 15 lakh fully paid-up shares at ₹750 each, a 38% premium over the previous closing price. The buyback was scheduled to commence on August 27, 2024. (businesstoday.in)

READ South Africa Faces Cable Disruption While Angola Welcomes New Arrival

Restructuring of Controls Division

In July 2025, Suprajit Engineering finalized the global restructuring of its Suprajit Controls Division. The restructuring involved relocating operations from the Juarez plant in Mexico, which were previously managed under a third-party Maquiladora setup, with plans to complete the relocation by December 2025. (marklines.com)

Establishment of New Subsidiary

In December 2024, Suprajit Engineering established a new subsidiary, Suprajit Chuhatsu Control Systems, in India. The subsidiary focuses on manufacturing and trading various components for the automotive industry, including control cables and transmission cables, catering to both domestic and export markets. (projectstoday.com)

These strategic moves underscore Suprajit Engineering’s commitment to expanding its global footprint, enhancing product offerings, and delivering value to its stakeholders.