Surface Transforms, a Knowsley-based manufacturer of carbon fibre reinforced ceramic automotive brake discs, has signed a £13.2m loan agreement with the Liverpool City Region Urban Development Fund. The loan will contribute to the listed group’s forthcoming £44m investment programme.
The investment is supporting capital expenditure that will see the production capacity available in the Knowsley site rise from £50m sales capacity per year in 2024 to £150m sales capacity per year in 2027.
The capacity increase is required to support the forecast substantial sales increase underpinned by Surface Transform’s current £390m lifetime contract value and £300m prospective contract pipeline.
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.