Rockman Industries, the auto-components arm of the Hero Group, has acquired a strategic stake in the United Kingdom-based MCT Engineering through Moldex Composites.
MCT Engineering is specialist carbon-composites manufacturer in the UK, producing high-quality and innovative components for automotive, motorsport and defence industries.
MCT’s clients include marquee motorsports and high-end, luxury car makers including Jaguar Land Rover and other British and European brands. The acquisition is part of Rockman’s strategy to be a front-runner in emerging technologies and to expand footprint in the developed markets like Europe and North America.
In 2017, Rockman had acquired a majority strategic stake in Moldex Composites, a British-Indian enterprise, involved in design and manufacturing of advanced composites.
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 United Kingdom and Europe.
Already 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.
Suman Kant Munjal, Chairman and Managing Director, Rockman Industries. “The future belongs to carbon composites. We expect it to account for 10% of Rockman Industries’ turnover by 2022. ”
Utilising the combined strengths and experience of the Indian and the UK technical teams, the partnership now has the capabilities to handle turnkey packages including design, FEA, manufacture and testing of crash structures, bodywork, wings, suspension, engine ancillaries, seating and frame assemblies etc.
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 UK, focuses primarily on cosmetic components and short production runs with quick turnaround times.