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Firan Tech ( (TSE:FTG) ) has provided an update.
Firan Technology Group Corporation (FTG) has announced the launch of a new aerospace facility in Hyderabad, India, which will begin production by the end of 2025. This strategic expansion is part of FTG’s ongoing efforts to increase its global footprint, particularly in the growing Indian aerospace and defense market, supported by India’s ‘Make in India’ initiative. The facility will focus on manufacturing cockpit products and will serve both local and international clients from a location within a Special Economic Zone, facilitating tariff-free trade. The new Hyderabad site marks FTG’s fourth country for aerospace manufacturing and underscores its commitment to delivering high-quality solutions in the aviation and defense sectors, emphasizing Human Machine Interface (HMI) devices.
More about Firan Tech
FTG, or Firan Technology Group Corporation, is a global aerospace and defense electronics product and subsystem supplier. It operates through two units: FTG Circuits, producing high-tech printed circuit boards for aviation, defense, and high-tech industries, and FTG Aerospace, providing illuminated cockpit products and electronic assemblies. The company has operations in North America, China, and now India, with shares traded on the Toronto Stock Exchange and the OTCQX Exchange.
YTD Price Performance: 11.19%
Average Trading Volume: 27,205
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$210.7M
Find detailed analytics on FTG stock on TipRanks’ Stock Analysis page.