Surface Transforms now a serious participant in auto world

Brakes manufacturer Surface Transforms has become a “serious participant” in automotive supply chains and has £175m of orders stacked up from major car manufacturers.

In a candid statement to the market this morning the company admitted “almost all our, more than 20, manufacturing sub-processes have had scale-up problems”, but said most have been resolved with one core problem that has taken several months to satisfactorily resolve, made worse by supply chain issues for furnace insulation. 

However, the company said demand has increased from £2m sales in 2020 to approximately £20m in 2023 and £30m in 2024. Installing the capacity to meet this demand and troubleshooting the technical problems incurred in the initial volume production runs was the prime focus of 2022.

Using code words to describe the ongoing relationships with car manufacturers, such as OEM 1 and OEM 10, the company said the last year was one of “exceptional commercial success catapulting the Company from being regarded as a start-up to becoming a serious participant in the plans of mainstream automotive companies”, winning £175m (lifetime value) of new orders in the year taking the total order book to £290m (lifetime value).

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.

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