Finnveden Metal Structures brings home major new order for magnesium components
2009-09-16 Press release
Finnveden Metal Structures has signed an agreement with a major supplier in the automotive sector for several magnesium components with a delivery value of 30 MSEK per annum over a six-year period.
The components will be manufactured at the Group’s die casting facility in Hultsfred, starting at the end of 2009. The contract is in line with the strategic focus and strengthens the company’s position as a supplier of die cast light metal products to European industry.
“The customer chose us for our efficient production solutions and our experience of this type of components,” says Johan Nordgren, Vice President Marketing & Sales at Finnveden Metal Structures. “Since the lead times are short, we’re already working on the initial industrialisation. It is very pleasing to have finalised this agreement and we look forward to the ongoing collaboration.”
For further information, please contact:
Johan Nordgren, Vice President Marketing & Sales
Phone +46 (0)31-734 59 00
Finnveden Metal Structures manufactures products and components made of steel, aluminium and magnesium for the automotive sector and general industry. Our production processes stamping, die casting and joining are designed to offer our customers high production efficiency, delivery precision and quality. Finnveden Metal Structures had an annual turnover of approximately 1 400 MSEK and some 950 employees in 2008. For more information, please visit www.finnveden.com/fms.