Joint ventures offer businesses in the automotive component manufacturing sector an opportunity to provide more sophisticated products, achieve scale and enhance innovation. They also provide companies with the opportunity to gain new capacity and expertise.
In the context of South Africa’s automotive components manufacturing industry, forming joint ventures can increase the speed of manufacturing and raise the technological quality of components manufactured.
NAACAM Member Feltex Automotive Trim, a manufacturer of automotive textiles and acoustic components, has announced the formation of a new joint venture with Auria Solutions, a global tier-one supplier of vehicle flooring, acoustical and fibre-based products. The new joint venture will continue to be called Auria Solutions and operate from East London.
KAP Automotive CEO and NAACAM President Ugo Frigerio said: “We are extremely pleased to form a partnership with Auria Solutions. The Auria team brings strong global manufacturing and technical know-how in an industry that is transitioning towards new technologies and production methods.” https://bit.ly/3F0keD4
Contact: Cedric Van Blerk, Business Development Manager
e-mail: [email protected]