The trim product was to be an injection moulded exterior trim part for a new vehicle, due for release in November 2019.
Industry landscape
The automotive industry is a vital part of the UK economy. The industry has an £82 billion turnover (plus £20.2 billion value added). More than 30 vehicle manufacturers in the UK rely on a complex network of suppliers – a single car has around 30,000 parts. In the UK, there are also around 2,600 component manufacturers supplying parts directly to OEMs.
The automotive industry has a traditional tiered supply chain (Tiers 1, 2 and 3, with Tier 1 feeding directly into OEMs), but some lower-tiered component manufacturers, such as TR Fastenings (TR), are challenging the existing market structure, taking a much larger role in innovation and Tier 1 production-line support.
Project background
Faltec Europe required a bespoke fastening for a new programme it had recently secured with a key global OEM. The trim product, to be developed, was an injection moulded exterior trim part for a new vehicle, due for release in November 2019.
Read the full article in the April issue of DPA.