Sigmatex has signing a strategic partnership agreement with Hong Kong-headquartered composites manufacturer Hengrui (HRC), which will formalise the existing relationship between the two companies and provide a more strategic focus on the automotive market, especially within the Asia region.
Sigmatex reports that both companies recognise the growing interest in carbon fibre reinforced plastics (CFRP) within the automotive industry to address the lightweighting challenge – the need for improved fuel efficiency and reduced emissions on internal combustion engines or the need for reduced vehicle weight to maximise driving range of electric vehicles. As OEMs face up to this challenge, a coordinated supply chain that can offer support from the early design stage, on topics such as material selection and processing methods, through to serial production of components will be a highly valuable asset to the industry.
“We are extremely pleased to sign this partnership agreement with HRC, a company with whom we have a shared vision to provide industry leading products and services to the fast evolving automotive market within Asia,” comments Scott Tolson, Sigmatex CEO. “As two companies committed to innovation and creating customer focused solutions, we are excited about the many advantages such a partnership can offer to the market.”
Image provided by Sigmatex
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