02 May 2017
02 May 2017
Rockman Industries has opened a UK office for its subsidiary Moldex Composites.
Located in Silverstone, home of Formula One motorsport in the UK, the new office will focus on expanding the group's carbon composites business, especially in the US and the European markets.
Indian automotive components firm Rockman Industries acquired Moldex Composites in early 2017, as part of its diversification strategy.
“We expect carbon composites to account for about 10% of Rockman's revenue in the next five years," says Suman Kant Munjal, Chairman and Managing Director, Rockman Industries. "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. The opening of the UK office is a step in that direction as it gives us access to the centre of motorsports in Europe.”
Globally, motorsports and aerospace industries are leading the move towards shedding weight, with carbon composites playing a vital role. Reduction in weight translates into airplanes carrying larger payloads for longer distances while reducing emissions. At the same time, it helps motorsports vehicles accelerate and travel faster.
The latest version of VERICUT machine simulation, verification and optimisation software, V8.1, will be featured on CGTech’s stand at the MACH 2018 manufacturing trade show in Birmingham, UK, on 9-13 April.
North Thin Ply Technology (NTPT) and Richard Mille have signed a long-term collaboration and exclusive supply agreement. The new multi-year contract will see NTPT develop and provide its lightweight thin ply materials exclusively to Richard Mille for horology, jewellery and luxury stationery items.
The UK's Engineering Industries Association (EIA) and the Manufacturing Technologies Association (MTA) have received confirmation of government funding for UK engineering companies to exhibit at overseas trade shows.