Super Car Supplier Announces Major Contract Win
A Liverpool City Region firm that making brake discs for supercars has won a major new contract – and revealed its new manufacturing strategy.
Surface Transforms said it has been selected as a tier one supplier of a carbon ceramic brake disc to an existing “mainstream customer” worth €5m spread over the five years – from 2024 to 2028.
CEO Kevin Johnson said the contract is the first example of the implementation of the multi-year “carry over” agreement with the manufacturer at the time of the initial contract award in July 2019.
The firm also today announced a new manufacturing strategy following “extensive” discussions and analysis.
It said the new strategy will see it save around £10m in equipping the entire Knowsley factory – as well as increasing its 2023 sales capacity by £15m per year from £35m to £50m.
It will also reduce implementation time for equipping the site by 18 months – and “significantly increase capacity implementation flexibility” beyond 2022.
Mr Johnson added:
“At the time of the fund raising we said that we thought there could be sufficient demand to fill the Knowsley factory by 2025, albeit the sales were then, and are still now, only partially contracted.”
For more on Surface Transforms click HERE.
For more on Liverpool City Region’s advanced manufacturing sector click HERE.