Carbures Europe : signs its first automotive technology contract with a Chinese Tier 1

Carbures accelerates in the Chinese market. The Company consolidates its position as a reference in engineering, technology, manufacturing of composite parts, and designing of test and production lines for automobiles in China. Carbures signs its first contract with a Chinese Tier 1 to introduced locally, whose name cannot be revealed for reasons of confidentiality. The contract is for the design and manufacture of three test benches for conducting electric power steering tests. This first contract has a value of 800 thousand euros and comes as a result of 12 years with a technical and commercial office with which it has come to work with different global Tier 1 operating in the Asian market.

The Mobility division of Carbures has a technological and industrial capacity to start implementing its know-how locally in China. The design of the 3 test benches for the assisted steering of cars will be carried out from the plant in Manresa (Barcelona), to then take it to the plant in Suzhou (China) where the assembly, validation, and laying will be carried out underway for the final delivery.

Carbures opened the plant in Suzhou (China) in 2017 for production in the automotive sector with the aim of complementing the technical-commercial work it had been doing in Shanghai since 2005 and in which it has incomes for 57 million euros. Around the automotive plant in Suzhou (China) are concentrated the main customers, current and potential, not only from China but from a large part of the Asian market. In fact, in addition to the technological capacity, the physical closeness to the client with its own plant has been an important factor when it comes to achieving this contract.