Concentric Secures Major Precision Machining Component Contract in North America
Concentric has been awarded a large contract for precision machined components in North America, with an existing global OEM customer. This new business was won based on a 15+ years relationship with this strategically important customer, increasing Concentric’s share of wallet significantly. The components will be used in energy efficient medium and heavy-duty hydraulic products, in off-highway applications, in agricultural and construction equipment. The new business obtained by Concentric, is expected to yield around 55 MSEK in annual sales, and deliveries are scheduled to start in