Moldex Com­pos­ites picks up stake in MCT En­gi­neer­ing

Auto components India - - SPECIAL REPORT -

Rock­man In­dus­tries, the auto-com­po­nents arm of the $6 bil­lion Hero Group, has ac­quired a strate­gic stake in MCT En­gi­neer­ing through Moldex Com­pos­ites. MCT En­gi­neer­ing is UK’s spe­cialised car­bon-com­pos­ites man­u­fac­turer, pro­duc­ing high-qual­ity and in­no­va­tive com­po­nents for au­to­mo­tive, motorsport and de­fence in­dus­tries.

MCT’s clients in­clude mar­quee mo­tor­sports and high-end, lux­ury car mak­ers like Jaguar Land Rover and other Bri­tish and Euro­pean brands. The ac­qui­si­tion is a part of Rock­man’s strat­egy to be a fron­trun­ner in emerg­ing tech­nolo­gies and to ex­pand foot­print in Euro­pean and the US mar­kets.

In early 2017, Rock­man had ac­quired a ma­jor­ity stake in Moldex Com­pos­ites, a Bri­tish-In­dian en­ter­prise, en­gaged in de­sign and man­u­fac­tur­ing of ad­vanced com­pos­ites. This part­ner­ship com­ple­ments MCT’s ca­pa­bil­i­ties by giv­ing it ac­cess to Moldex’s ex­per­tise in cost-ef­fec­tive ad­vanced com­pos­ites man­u­fac­tur­ing as well as in-house de­sign and pro­duc­tion of pat­terns and moulds.

Rock­man In­dus­tries’ Moldex Com­pos­ites sup­plies com­pos­ite com­po­nents from In­dia, with 99% of out­put ex­ported across the world to pre­mier rac­ing se­ries in North Amer­ica and other mar­quee au­to­mo­tive and mo­tor­sports cus­tomers in the UK and Europe. The Moldex-MCT col­lab­o­ra­tion has started sup­port­ing and sup­ply­ing to a num­ber of JLR pro­grammes in the UK, to­gether with other reg­u­lar vol­ume projects from In­dia. The 2 com­pa­nies to­gether have the vi­sion to be ‘A global com­pos­ites mar­ket player’ and ‘The num­ber one choice’ for high per­for­mance com­pos­ite solutions. The Mold­exMCT part­ner­ship is able to of­fer endto-end solutions to their cus­tomers from de­tailed de­sign, mould and pat­terns man­u­fac­tur­ing to be­spoke prod­ucts, pro­to­types and short runs as well as vol­ume pro­duc­tion.

“The fu­ture be­longs to car­bon com­pos­ites. We ex­pect it to ac­count for 10% of Rock­man In­dus­tries’ turnover by 2022. Moldex Com­pos­ites’ strate­gic stake in MCT En­gi­neer­ing al­lows Rock­man In­dus­tries to lever­age the ad­vanced tech­nol­ogy and to ex­pand pres­ence in the global aero­space, mo­tor­sports and au­to­mo­tive busi­nesses,” Su­man Kant Mun­jal, Chair­man and Man­ag­ing Di­rec­tor, Rock­man In­dus­tries, said.

“We are proud to an­nounce Moldex Com­pos­ites’ part­ner­ship with UK’s MCT En­gi­neer­ing. The part­ner­ship will be ben­e­fi­cial for our global cus­tomers as it will in­crease our ca­pa­bil­i­ties to han­dle turnkey pack­ages in­volv­ing end to end solutions from de­sign to FEA, man­u­fac­tur­ing and test­ing of crash struc­tures, body­work, wings, sus­pen­sion, en­gine an­cil­lar­ies, seat­ing and frame as­sem­blies etc.,” Parag Ra­jda, MD and Co-founder, Moldex Com­pos­ites, said.

The ac­qui­si­tion brings to­gether the mar­ket reach of MCT and the cost ef­fec­tive, yet com­pre­hen­sive man­u­fac­tur­ing ex­per­tise of both Rock­man In­dus­tries and Moldex Com­pos­ites. The part­ner­ship gives Moldex Com­pos­ites’ global cus­tomers the flex­i­bil­ity to out­source for quick turn­around and long pro­duc­tion runs from a sin­gle source.

MCT has been sup­ply­ing ad­vanced com­pos­ites to UK and Europe’s lead­ing lux­ury and sports car mak­ers for over 20 years. The com­pany’s fa­cil­ity, sit­u­ated close to Sil­ver­stone Rac­ing Cir­cuit in the UK, fo­cuses pri­mar­ily on cosmetic com­po­nents and short pro­duc­tion runs with quick turn­around times. MCT has tech­ni­cal part­ner­ships with cus­tomers and en­dusers, de­sign and in­no­va­tion houses and ma­te­rial sup­pli­ers across Europe, in the UK and glob­ally.

Moldex is backed by ad­vanced com­pos­ites de­sign and man­u­fac­tur­ing ex­pe­ri­ence of more than 5 decades of its 2 Bri­tish founders and an able team in In­dia. It can take full own­er­ship of cus­tomers’ com­pos­ite re­quire­ments and be a one-stop-so­lu­tion – from pro­to­types to vol­ume runs – cov­er­ing de­tailed de­sign, ma­te­rial choice, lam­i­nate de­sign, in-house pat­terns and mould de­sign, jigs de­sign and man­u­fac­tur­ing – all at a com­pet­i­tive cost.

Moldex Com­pos­ites pro­duces world­class and cost-ef­fec­tive ad­vanced com­pos­ites from its pur­pose-built fa­cil­ity in Su­rat, Gu­jarat. The com­pany can pro­vide turn-key solutions – from con­cept to fin­ished part.

Rock­man In­dus­tries, in­cor­po­rated in 1960, is among the lead­ing auto com­po­nents com­pa­nies in In­dia with more than 5 plants spread across In­dia. Rock­man sup­plies alu­minum die cast­ing com­po­nents and au­to­mo­tive chains and two-wheeler al­loy wheels. Rock­man for­ayed into ad­vanced com­pos­ites in 2017 by ac­quir­ing Moldex Com­pos­ites.

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