logo
Steelmaker SSAB, the Manufacturer of Hardox® Wear Plate, Cracks Down on Trademark Infringement in India

Steelmaker SSAB, the Manufacturer of Hardox® Wear Plate, Cracks Down on Trademark Infringement in India

Yahoo27-05-2025
MUMBAI, India, May 27, 2025 /PRNewswire/ -- Swedish steelmaker SSAB has successfully taken action against two India-based companies found dealing in counterfeit Hardox® steel plates. These unauthorised products, bearing the Hardox® trademark and SSAB logo, included falsified product mill certificates and exhibited severe product quality issues, making them incomparable to genuine Hardox® wear plate. Nonetheless, they were misrepresented as genuine Hardox® wear plate.
Following an investigation and a lawsuit, Naresh Steel & Engineering Co. and Parmar Steel admitted to trademark infringement and passing off, both serious violations of SSAB's intellectual property rights. The companies not only paid exemplary damages but also faced a permanent injunction in the lawsuit, and were directed to cease all use of the infringing marks. Additionally, they issued unconditional public apologies to SSAB and committed to ceasing such activities in the future. In their apologies, Naresh Steel and Parmar Steel acknowledged that "trademark infringement and passing off are gross violations of intellectual property rights of SSAB" and offered "an unconditional apology."
Protecting customers from counterfeit products
Only the Swedish steel manufacturer SSAB produces genuine Hardox® wear plate, and Hardox® wear plate is only available from SSAB and from SSAB-certified suppliers. Each month, SSAB successfully removes hundreds of website links, online marketplace advertisements such as those on Indiamart, and social media pages offering counterfeit products or falsely claiming to stock genuine Hardox® wear plate.
"In the Mumbai area alone, there are a significant number of traders who falsely claim to stock Hardox® steel", says Subodh Shinde, country head of SSAB Steel India. "Our primary goal is to protect end customers from the risks associated with substandard steel, as these can lead to severe operational, financial and safety consequences, and we therefore continue to aggressively enforce our trademark rights and take legal action against any company infringing our intellectual property."
Hardox® wear plate is a premium, high-quality product known for its exceptional hardness and toughness. Its guaranteed properties deliver outstanding performance, making it a market leader in wear resistance—and naturally, not a low-cost option. Therefore, a simple guiding principle is that if a deal seems too good to be true, it likely involves counterfeit steel. Extremely low prices are a red flag that the product is not genuine Hardox® wear plate. SSAB strongly encourages buyers to purchase Hardox® wear plate only from SSAB-certified suppliers, who hold the exclusive rights to distribute its products.
Where to buy genuine Hardox® wear plate and wear parts in India
SSAB maintains its own sales network. To ensure product authenticity, Hardox® wear plate should only be purchased through the following authorised SSAB channels:
SSAB's own local stocks in India or SSAB's mills: +91 22 6673 0265, email: Subodh.shinde@ssab.com
Kamlesh Metal & Alloy, the sole distributor of SSAB's products in India
Hardox® wear parts should only be purchased through our authorised Hardox® Wearparts Centers in India. An updated list of all authorised centres is available on the Hardox® Wearparts Center website: https://www.hardoxwearparts.com/find-center/
Reporting counterfeit steel
At SSAB, we are committed to ensuring that customers receive only high-quality, genuine Hardox® wear plate they can trust. If you encounter branded steel that you suspect is not genuine Hardox® wear plate, we urge you to contact your local SSAB sales team immediately.
The risks of buying from unauthorized sources
Buying from unauthorised sources may result in:
Operational setbacks – Counterfeit steel often has lower quality and therefore lower durability, leading to frequent repairs, replacements and increased maintenance costs.
Health and safety risks – Inferior materials may compromise structural integrity, increasing the risk of failures and accidents.
Legal repercussions – The use of counterfeit steel could lead to litigation, fines or other regulatory consequences.
Environmental impact – Counterfeit production methods often neglect sustainability standards, leading to increased contamination and waste.
SSAB is a Nordic and US-based steel company that builds a stronger, lighter and more sustainable world through value added steel products and services. Working with our partners, SSAB has developed SSAB Fossil-free™ steel and plans to reinvent the value chain from the mine to the end customer, largely eliminating carbon dioxide emissions from our own operations. SSAB Zero™, a largely carbon emission-free steel based on recycled steel, further strengthens SSAB's leadership position and our comprehensive, sustainable offering independent of the raw material. SSAB has employees in over 50 countries and production facilities in Sweden, Finland and the US. SSAB is listed on Nasdaq Stockholm and has a secondary listing on Nasdaq Helsinki. Join us on our journey! www.ssab.com, Facebook, Instagram, LinkedIn, X and YouTube.
Photo - https://mma.prnewswire.com/media/2690485/Naresh_Steel_Apology.jpgPhoto - https://mma.prnewswire.com/media/2690486/Parmar_Steel_Apology.jpgLogo - https://mma.prnewswire.com/media/1346900/Logo_Logo.jpg
View original content:https://www.prnewswire.com/in/news-releases/steelmaker-ssab-the-manufacturer-of-hardox-wear-plate-cracks-down-on-trademark-infringement-in-india-302458958.html
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Analysis-China urges caution - and speed - on assisted-driving technology
Analysis-China urges caution - and speed - on assisted-driving technology

Yahoo

time27 minutes ago

  • Yahoo

Analysis-China urges caution - and speed - on assisted-driving technology

(Reuters) -China's automakers are outpacing foreign rivals in their push for assisted-driving technology, eager to woo motorists hungry for rapid innovation. Yet, Beijing has a nuanced message for its rising stars: move fast - but be careful. Regulators this week have been finalising new safety rules for driver-assistance systems as Beijing sharpens scrutiny of the technology following an accident involving a Xiaomi SU7 sedan in March. That incident killed three occupants when their car crashed seconds after the driver took control from the assisted-driving system. While Chinese officials want to prevent carmakers from overselling the capabilities of such systems, they are also threading the needle between innovation and safety to ensure their automakers don't lose out to U.S. and European rivals. Setting clear regulations for assisted-driving tech without slowing its advancement could give China's industry an edge over global competitors, analysts say. This approach is in stark contrast to the U.S. market, where companies pursuing autonomous cars have expressed frustration that the government has not implemented a regulatory system to validate and test the technology. Markus Muessig, auto industry lead at Accenture Greater China, said China's regulators and industries have long followed former Chinese leader Deng Xiaoping's "feel the stones to cross the river" philosophy. The expression means to steadily explore new, uncertain technologies, which "has proven very successful for this market," he said. Current Chinese regulations allow systems that automatically steer, brake and accelerate under certain conditions while requiring the driver to stay engaged. For that reason, marketing terms such as "smart" and "autonomous" are banned. The new rules will focus on hardware and software designs that monitor a driver's state of awareness and their capacity to take control in time. To do this, regulators enlisted Chinese automaker Dongfeng and tech giant Huawei to help draft new rules and have sought public input over a month-long period, ending Friday. At the same time, government officials are pressing Chinese automakers to rapidly deploy even more-advanced systems, known as Level 3 assisted-driving, which allow drivers to take their eyes off the road in certain situations. Level 3 is the midway point on the industry's autonomous-driving scale, from basic features like cruise control at Level 1, to self-driving capability under all conditions at Level 5. The Chinese government had tapped state-owned Changan to be the first automaker to begin Level 3 validation tests in April, but the plan was paused after the Xiaomi crash, said a source familiar with the regulatory planning process. Beijing still hopes to resume such tests this year and approve the country's first Level 3 car in 2026, the source said. China's Ministry of Industry of Information Technology and Changan did not respond to requests for comment. Xiaomi has said it is cooperating with a police investigation into the accident. Driver-assistance systems are seen by industry analysts as the next big battleground in China's hyper-competitive car market. Over the past decade, Level 2 systems have proliferated in China, including Tesla's Full Self Driving system, as well as the Xiaomi feature involved in the March crash. The capability ranges from basic vehicle following on highways to handling most tasks on busy urban roads, under driver supervision. Automakers have pushed down hardware costs to levels that allow them to offer Level 2 features at little or no extra cost. China's No. 1 automaker BYD has rolled out its "God's Eye" assisted-driving software for free across its entire product line-up. More than 60% of new cars sold in China this year will have Level 2 features, according to an estimate from research firm Canalys. GLOBAL RACE In its push for assisted-driving technology, and ultimately fully self-driving cars, Beijing is seeking to help homegrown carmakers just as it supported China's rapid rise to become the world's electric-car juggernaut. Last year, China's government lined up nine automakers for public tests to advance the adoption of self-driving cars. In their Level 3 push, Chinese regulators also are upping the regulatory ante by holding automakers and parts suppliers liable if their systems fail and cause an accident. Legislation passed in Britain last year adopted a similar approach to liability. At the Shanghai auto show in April, several companies touted progress toward rolling out vehicles with Level 3 capability. Tech giant Huawei said it is ready to introduce a Level 3 system for highways after simulated testing of more than 600 million kilometers. It showed a video of drivers and passengers singing karaoke as the car drove itself. Geely's Zeekr brand debuted the luxury SUV 9X, featuring Level 3 software the automaker said is ready for mass production in the third quarter if regulations allow. Zeekr is also applying to be part of a second batch of automakers to undergo government Level 3 validation tests. Meanwhile, traditional automakers at the Shanghai auto show such as Mercedes-Benz and Volkswagen said they were pushing their most advanced assisted-driving features but stopped short of crossing the Level 3 liability line. Getting there is a challenge as they are already at a cost disadvantage against their Chinese rivals, analysts say. Mercedes-Benz CTO Markus Schaefer told Reuters that while chip and computing power prices have fallen, the additional safety required for Level 3 will cost much more. "It's a moving target," Schaefer said.

Unlocking China's Potential: 5 High-Growth Hong Kong Stocks You Can Buy as SGX SDRs
Unlocking China's Potential: 5 High-Growth Hong Kong Stocks You Can Buy as SGX SDRs

Yahoo

time32 minutes ago

  • Yahoo

Unlocking China's Potential: 5 High-Growth Hong Kong Stocks You Can Buy as SGX SDRs

China's economy may be in a challenging situation amidst the trade wars, but selective sectors such as consumer technology and clean energy continue to deliver strong growth. Now, Singapore investors can directly access this upside through Singapore Depository Receipts (SDRs). SDRs are a newly-launched initiative by SGX that introduces high-quality Hong Kong (HK) and Thai-listed companies closer to home. From industry disruptors to established leaders, here are five high-growth HK stocks you can buy as SDRs to unlock China's evolving potential. Tencent is a leading technology and internet company. The company has a variety of internet-based service offerings such as games and social networks like Weixin. In the first quarter of 2025 (1Q 2025), Tencent reported a revenue growth of 13% year-on-year (YoY) to RMB 180 billion. The tech giant also saw a gross profit growth of 20% YoY to RMB 100.5 billion. One of the strongest reasons for this growth is due to its domestic games segment, which saw a 24% YoY growth in revenue. This growth was attributed to its existing games such as HoK and VALORANT showing a strong and growing user base. Moreover, new games like Delta Force show promising earnings potential with its daily average users exceeding 12 million in April. Tencent's earnings model is poised to capitalise on the artificial intelligence (AI) wave. The firm captures the AI trend by using its surplus earnings to reinvest in AI. A strong example of this reinvestment in AI can be seen in the developments for Weixin where AI search engines such as Deepseek R1 and AI coding assistant for mini programs development were integrated into the platform. The marketing services division also saw year-on-year revenue improvements from the usage of AI to create better quality and personalised advertisements to users, thereby increasing user engagement. BYD is a dominant global player in the electric vehicle (EV) sector and has witnessed aggressive international expansion, especially in emerging markets. In 1Q 2025, BYD reported a revenue growth of 36.4% YoY to over RMB 170 billion. The firm also saw a significant increase in net profits to over RMB 9 billion, double that of 2024. This boost in net profit can be attributed to strategic developments such as its Dipilot advancements for intelligence driving. These advancements include mapless city piloting, improved parking assistance, and built in AI chatbots. In 2024, the management also announced the release of its new luxury model, Denza. Denza includes full-stack independent and intelligent-electronic technologies from BYD's existing e3 platform to its newer God's Eye system. These more sophisticated inclusions helps BYD expand its reach to the luxury EV market on top of its already dominant foothold in the affordable mass market segment. There was also strong geographical diversification made by BYD with auto shows and store openings in Latin America and Europe. These expansion efforts will help to hedge against Trump's trade tariffs, allowing BYD to maintain its earnings growth momentum. Xiaomi is one of the largest consumer electronics and smart hardware companies globally. In 1Q 2025, Xiaomi showed a strong revenue growth of 47.4% YoY to RMB 111.3 billion. The company also reported a 64.5% YoY growth in adjusted net profit. The segment which showed the greatest growth was smartphones and AI Internet of things (IoT) with a 22.8% YoY revenue growth to RMB 92.7 billion. Xiaomi's global smartphone market share grew by 0.3 percentage points (ppt) YoY to 14.1% internationally and 4.7 ppt YoY to 18.8% domestically. For the company's IoT segment, smart large home appliances saw a surge in revenue of 113.8% YoY. In 1Q 2025, the tech leader also unveiled its premium flagship processor, XRING O1. This processor will be inserted into its new smartphones, smartwatches and tablets. This innovation increases Xiaomi's competitiveness by delivering greater efficiency along with increased capabilities. For 1Q 2025,Xiaomi also saw promising growth in its EV offerings with the SU7 Series with an 8.9% quarter-on-quarter growth in deliveries to 75,869. Additionally, the firm's research and development (R&D) expenses are growing at a compound annual growth rate of 27%. The increasing R&D expenses points at Xiaomi's commitment to innovation and to be future-proof. Alibaba is a global tech powerhouse specialising in e-commerce, digital media and cloud computing. For Alibaba's fiscal year 2025 (FY2025) ending on 31 March 2025, Alibaba reported a revenue growth of 7% YoY to RMB 236.5 billion. This high growth can be attributed to its Taobao and Tmall Group as well as its cloud intelligence segment. In FY2025, Taobao and Tmall Group's customer management revenue grew 12% YoY to RMB 71.1 billion. This rise in revenue is due to higher take rates from software service fees and increased adoption of Quanzhantui, an AI-powered marketing tool. Moving forward, Alibaba is planning to invest in AI-driven customer experiences and improve its 88VIP loyalty programme base to increase customer retention. Meanwhile, Alibaba's cloud intelligence revenue rose by 18% YoY in FY2025 to RMB 30.1 billion. This upturn was from a triple-digit growth in AI-related product adoption across industries. In the long term, the firm is committed to invest in next-generation AI infrastructure with the launch of Qwen3 model series and open source initiatives. Meituan is a technology-driven retail company specialising in supply and demand delivery chain infrastructure. In 1Q 2025, Meituan saw revenue growth of 18.1% YoY and an operating profit growth of 102.8% YoY. Meituan's core local commerce segment experienced the highest revenue growth of 17.8% YoY to RMB 64.3 billion. This growth is driven by its food delivery offerings such as Pin Hao Fan for affordable meals and Shen Qiang Shou, limited-time flash sales. These offerings help cater to the price-sensitive demand of different customers. In 1Q 2025, Meituan Instashopping experienced growth from the high demand in non-food retail products especially in lower-tier markets. Meituan also announced its 30-minute online order delivery, which enhances the service's reliability and customer experience. In late March 2025, the form released its Meituan Membership programme with tiered benefits to increase customer engagement and encourage spending. The company's overseas expansion was also successful, with Keeta being one of the preferred food delivery platforms in Saudi Arabia. In the future, Meituan plans to continue aiding merchants and couriers on its platform, increasing its product offerings and leveraging AI to improve user experience. By investing in these high-growth stocks via SGX's Hong Kong SDRs, you can diversify your portfolio and capture a slice of China's dynamic growth story. Don't miss this opportunity to gain exposure to some of the most promising sectors shaping China's future. Start exploring these SDRs today and position your portfolio for long-term success. We've found 5 SGX-listed dividend stocks with strong track records in turbulent markets. If you want consistency in an uncertain world, start here. Follow us on Facebook, Instagram and Telegram for the latest investing news and analyses! Disclosure: Gabriel Lim does not own shares of any of the companies mentioned. The post Unlocking China's Potential: 5 High-Growth Hong Kong Stocks You Can Buy as SGX SDRs appeared first on The Smart Investor. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store