New Delhi, May 2 (UNI) Auto-component arm of Hero Group, Rockman Industries today announced the opening of its branch in UK, the first outside India for its composites subsidiary, Moldex. The company’s new office will focus on expanding the carbon composites business by increasing market penetration, especially in the USA and the European markets. In early 2017, Rockman Industries acquired Moldex Composites, a British-Indian carbon-composites design and manufacturing company as a part of group’s diversification strategy. “We expect carbon composites to account for about 10 per cent of Rockmans’ revenue in the next five years. Besides motorsports and aerospace, there is a global shift towards carbon fibre in the automobiles sector. At Rockman Industries we want to be at the forefront of this technology as it further penetrates different sectors including automotives,” said Suman Kant Munjal, Chairman Managing Director, Rockman Industries. “At Rockman Industries, we are aiming to make inroads into the global carbon composites markets. The opening of the UK office in Silverstone, the home of UK motor racing, showcases our commitment to lead this new technology sector. Our team would be targeting the European and the American markets through this office,” said Ujjwal Munjal, Executive Director, Rockman Industries.UNI ASH SNU 1353