Merseyside supercar brake disc maker Surface Transforms on track to be profitable in the second half of 2023 as it gets set to invest a further £3.4m to deliver its £290m order book.
Carbon fibre brake disc maker Surface Transforms (ST) says it remains on course to become profitable in the second half of 2023 despite recent production problems.
In a trading update on Monday, stock market-listed ST said it was planning £3.4m of capital expenditure at its Knowsley factory in the next few months. It acknowledged that production problems in late 2022 and early 2023 had “cost and cash implications”.
Surface Transforms plc (LON:SCE) is a manufacturer of next-generation carbon-ceramic brake discs for automotive and aircraft applications and has been certified to IS9001-2000 since 2008 and was certified to TS16949 automotive quality accreditation and AS9100C aerospace quality accreditation in 2015.