24 May 2016
24 May 2016
Tees Valley Unlimited, the Local Enterprise Partnership for Tees Valley focused on delivering jobs and economic growth to the area, and UK Trade and Investment (UKTI) have recently commissioned NetComposites to review and report on the projected demand for composites among UK based automotive suppliers and to identify any gaps within the UK composites supply chain.
The purpose of the research was to firstly establish views on the adoption of volume composites amongst automotive OEM’s and to assess if Tees Valley could be positioned to host known ‘energy intensive’ segments of the composites supply chain, such as precursor and carbon fibre manufacture.
According to Tees Valley Unlimited, Tees Valley is Western Europe’s 2nd largest chemical producing region and offers embedded power generation and private wire networks enabling companies to benefit from lower power and utilities costs compared to many other UK manufacturing locations
Neil Kenley, Director of Business Investment, Tees Valley Unlimited, explains “We selected NetComposites to deliver the work based on their strong insights and contacts within the UK’s composites industry as well as their expertise in the application of composite solutions in automotive and other key UK advanced manufacturing segments.”
“We are truly delighted with the resulting intelligence as it gives Tees Valley a clearer view on the investor opportunities that best align with the unique assets and skills base in our area. We would have no hesitation in recommending NetComposites and in using them again in the future.”
The report is now available to the public here https://teesvalley-ca.gov.uk/wp-content/uploads/2016/04/UK-Automotive-Composites-Supply-Chain-Study-Public-Summary-2.pdf
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