BANGKOK, April 18, 2025 /PRNewswire/ — Supreme Group, a global leader in advanced material technologies and engineered product solutions, has announced the successful acquisition of full ownership of Supreme Feltol (Thailand) Company Limited following the acquisition of the remaining shareholding from minority shareholders. Supreme was already the majority shareholder in the venture, and this move brings the company under complete ownership of the Supreme Group.

With this transition, the company has been renamed Supreme Fostreon (Thailand) Company Limited, marking a significant step in the Group’s long-term vision for Thailand as a strategic base for regional innovation and manufacturing excellence.

Established in 2019, the company has rapidly evolved to become a trusted manufacturer of Interior Trims and NVH components for leading automotive OEMs. Operating from its modern facility in Rayong, the company has earned a reputation for quality, agility, and customer-centricity.

“Taking full ownership enables us to bring in Supreme Group’s global technologies, material innovations, and design capabilities to support the evolving needs of this region,” said Amit Kavrie, Managing Director, Supreme Group. “We believe Thailand is strategically positioned to become a significant innovation and manufacturing hub for our Group in the South East Asia region.”

As part of the transition, Supreme Fostreon will benefit from deeper integration into the Group’s global ecosystem of material science, design, and engineering. With a focus on light weighting, sustainability, and customer co-development, the company is well-positioned to contribute meaningfully to the next generation of mobility solutions.

Manoj Swain, Director – International Operations at Supreme Group, added:
“With a strong foundation and a capable team, this transition allows us to better align with global customers, invest in scalable growth, and strengthen our regional partnerships. We look forward to engaging with our customers in the coming weeks to share our broader vision.”

Over the past few years, Supreme Group has played a hands-on role in leading the Thailand company’s strategy, execution, and customer engagement. The company’s leadership and operations will continue seamlessly, ensuring continuity, stability, and consistent service for customers and partners.

The company has also received several national recognitions over the past year that underscore its commitment to operations excellence. In late 2023, Supreme Fostreon achieved FORD Q1 Certification and was honoured with the Top Supplier Award by AAT, recognising its consistent delivery, product quality, and performance standards. In 2024, in its debut year of participation, the company received the Silver Award at the prestigious TPA Thailand 5S Awards, standing out among 18 national finalists. Additionally, Supreme Fostreon earned the Gold Level Award from Thailand’s Ministry of Labour for Excellence in Occupational Safety and Health, further affirming its best-in-class workplace practices and safety culture.

Looking ahead, Supreme Fostreon is entering a new phase of growth with significant investments in R&D, advanced material development, and product innovation. The company is also establishing a world-class Experience Centre in Thailand that will be designed to enhance customer collaboration, enable co-development initiatives, and showcase cutting-edge technologies from across the Group’s global network.

About Supreme Group

Supreme Group is a leader in advanced materials and engineered solutions, catering to the automotive and diverse industrial sectors. With global customers and a legacy of innovation spanning four decades, Supreme is committed to delivering high-performance, sustainable solutions that power the future of mobility and industry.

Follow us on LinkedIn to stay updated on our latest innovations, partnerships, and expansion plans: https://www.linkedin.com/company/supreme-group-company/

Website: https://www.supremegroup.co.in 

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GUANGZHOU, China, April 17, 2025 /PRNewswire/ — At the grand opening of the 137th Canton Fair, XTransfer, the world’s leading and China’s No.1 B2B Cross-Border Trade Payment Platform, unveiled its groundbreaking solution — the Local Currency Account — designed to revolutionise global trade, especially with emerging markets.

The Canton Fair, widely regarded as a barometer of China’s foreign trade, has reached a record-breaking scale this year, attracting businesses from around the world. XTransfer’s presence at the event underscores its commitment to empowering SMEs in China to trade more effectively with fast-growing economies across Asia, Africa, and Latin America.

XTransfer’s Local Collection Account addresses long-standing pain points in traditional cross-border payments, such as high fees, slow processing times, and the risk of frozen accounts due to suspicious transactions. By enabling buyers to pay in their local currencies through local clearing networks, the product eliminates intermediary banks, reduces costs, and accelerates fund settlements, fastest within the same business day.

“As a small business trading with Africa, we used to face serious challenges when buyers couldn’t send USD payments through traditional banks,” said Li Pengsen, Chairwoman of Hebei Ovison Industrial Group. “XTransfer’s Local Currency Accounts made it easy and safe for our African clients to pay directly into our Chinese accounts, without currency hurdles or banking delays.”

Since launching the service in 2018, XTransfer has become a pioneer in local collection solutions. It now supports over 30 global and local currencies across more than 200 countries and regions, including key emerging markets like Kenya, Nigeria, Brazil, Mexico, Indonesia, and the Philippines. Today, it serves over 600,000 Chinese foreign trade enterprises, making it the largest B2B cross-border financial platform in China by client base.

“Trading with emerging markets presents huge growth opportunities, but payment friction often holds businesses back,” said Bill Deng, Founder and CEO of XTransfer. “Our mission is to remove those obstacles and make global trade more inclusive, efficient, and secure.”

As the Canton Fair continues to foster international cooperation and commerce, XTransfer remains at the forefront of digital financial innovation. It bridges the gap between Chinese exporters and emerging market buyers and unlocks new growth in global trade.

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LEH, India, April 18, 2025 /PRNewswire/ — In a groundbreaking achievement, Simpliforge Creations and IIT Hyderabad, in collaboration with the Indian Army under Project PRABAL, have successfully completed the world’s highest on-site 3D printed military structure at 11,000 feet in Leh. This milestone marks the first-ever protective military bunker built in high-altitude, low-oxygen (HALO) conditions using in-situ 3D construction printing.

The effort was led by Prof. K.V.L. Subramaniam of IIT-Hyderabad, Arun Krishnan—PhD scholar at IIT Hyderabad and a multidisciplinary team. The structure, printed in just 14 hours using locally sourced materials, demonstrates how indigenous technology can deliver infrastructure rapidly and sustainably.

Simpliforge’s specially developed robotic 3D printer was deployed and commissioned in under 24 hours, showcasing its agility in extreme terrain. CEO Dhruv Gandhi highlighted the challenges: “Reduced oxygen levels impaired power efficiency and human performance. Low humidity and high UV radiation impacted material integrity—but our systems delivered a robust structure in just 5 days.”

Prof. Subramaniam emphasized the importance of material science in the project: “Operating at high altitudes with thermal extremes required specially engineered concrete. Our team rigorously tested and optimized a mix suited to local aggregates and environmental stresses. This innovation was key to ensuring structural strength and durability.”

Arun Krishnan added, “Project PRABAL began during my M.Tech journey. Previous attempts to bring 3D construction to Ladakh faltered due to harsh conditions. It was the synergy between IIT Hyderabad and Simpliforge that finally overcame these barriers. We’ve proven that homegrown technology can thrive even in the toughest environments.”

Hari Krishna Jeedipalli, MD of Simpliforge, reflected on the journey: “From India’s first 3D printed bridge to the Army’s medical facility, each project has advanced the frontier. This Ladakh bunker is more than a defense milestone—it’s validation for extra-terrestrial applications. We see this as a stepping stone toward space construction on the Moon and Mars.”

This landmark project reaffirms India’s deeptech leadership, combining innovation, defense utility, and the Make-in-India vision to pioneer future-ready infrastructure.

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