Supreme Spring, a subsidiary of JSE listed company Metair Investments, has signed a ground-breaking MOU with Springs and Bolts Company Limited Ghana on 3 May.
The signing of the MOU is as a direct result of an exploratory visit in early March to Ghana by automotive component manufacturers hosted by AAAM – African Association of Automotive Manufacturers.
The objective was to introduce potential investors to the Ghanaian automotive market. focused on aftermarket opportunities, which in time will also support OE assembly as volumes grow. Currently, almost all aftermarket components in Ghana are imported.
Supreme Spring, based in Nigel South Africa, is engaged in the designing, manufacture, marketing, and supply of quality heat-treated steel components such as leaf and coil springs, torsion and stabiliser bars to the local and international automotive market.
The Springs and Bolt company limited, based in Kumasi Ghana, manufactures leaf springs, U bolts, trailer axles and suspensions for the Ghanaian and other West African aftermarkets.