06 March 2018
06 March 2018
Moldex Composites, India, has acquired a stake in UK-based composites manufacturer MCT Engineering.
MCT produces components for the automotive, motorsport and defence industries. Its clients include motorsports and high end, luxury car makers such as Jaguar Land Rover (JLR) and other British and European brands. This partnership complements MCT’s existing capabilities by giving it access to Moldex’s expertise in cost-effective advanced composites manufacturing as well as in-house design and production of patterns and moulds.
Moldex Composites is an India-based facility with British technical lead into design and manufacturing of advanced composites, in which India’s Rockman Industries acquired a majority stake in 2017. Moldex supplies composite components from India with 99% of output exported across the world to premier racing series in North America and automotive and motorsports customers in Europe.
MCT has been supplying advanced composites to Europe’s leading luxury and sports car makers for over 20 years. The company’s facility, situated close to Silverstone Racing Circuit in UK, focuses primarily on cosmetic components and short production runs with quick turnaround times.
The MCT and Moldex collaboration has already started supporting and supplying to a number of JLR programmes in the UK, together with other regular volume projects from India. The two companies have vision to be a global market player. The Moldex-MCT partnership is able to offer end-to-end solutions to customers, from detailed design, mould and patterns manufacturing to bespoke products, prototypes and short runs as well as volume production.
“Moldex Composites is proud to announce the partnership with MCT Engineering," says Ian Thomson, Co-founder, Moldex Composites. "Through this acquisition, we are bringing together the market reach of MCT and the cost effective and comprehensive manufacturing expertise of Moldex Composites. The partnership gives our global customers a flexibility to outsource for quick turnaround and long production runs from a single source. Utilising our UK and Indian technical staffs’ vast experience, we will now have the capabilities to handle turnkey packages including design, FEA, manufacture and testing of crash structures, bodywork, wings, suspension, engine ancillaries, seating and frame assemblies etc.”
“Our close partnerships with the motorsports and the automotive industries allowed us to refine and fine-tune our manufacturing process, using the latest technologies," states David Joseph, Managing Director, MCT Engineering. "Our partnership with Moldex Composites will bring new opportunities for creating efficiencies, market expansion, and reaching wider customer segment. Although the F1 and motorsports manufacturing will remain with MCT in the UK, the technical and engineering knowledge that Moldex has will be of additional support when required.”
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