FinnvedenBulten awarded major FSP contract with an annual value of approximately EUR 35 million
FinnvedenBulten, and its division Bulten, has been awarded an FSP (Full Service Provider) contract for supply of fasteners to a major automotive manufacturer. The annual order value is of approximately EUR 35 million, of which EUR 30 million is additional business, and provides a strong relationship for the years ahead.
“With this contract, Bulten significantly strengthens its relationship with a global customer. We are delighted and honoured to be awarded the contract and look forward to begin the collaboration,” says Tommy Andersson, CEO of Bulten.
The technical competences within the Bulten division, along with many years of experience of successfully supplying complex and critical fasteners to the automotive industry, were the main contributors in winning this prestigious contract. The new deliveries will continue over a number of years, starting early 2014 and with estimated full delivery capacity in 2015.
“We continue to strengthen Bulten’s position and we have a good potential to further grow our business and gain market shares in the years to come,” says Johan Westman, President and CEO of FinnvedenBulten.
For further information, please contact:
Johan Westman, President and CEO, FinnvedenBulten
Tommy Andersson, CEO, Bulten
Tel: +46 (0)31-734 59 00, e-mail:media@finnvedenbulten.com
NB: The information in this announcement is required to be disclosed by FinnvedenBulten AB (publ) under the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 15:00 CET on September 11, 2013.
FinnvedenBulten develops and manages industrial businesses, offering products, technical solutions and systems in metallic materials. The Group operates as a business partner to international customers in the engineering industry, primarily the automotive industry. FinnvedenBulten is structured into two divisions – Bulten and Finnveden Metal Structures – both with strong positions in their respective customer segments. FinnvedenBulten is listed on NASDAQ OMX Stockholm. Further information at www.finnvedenbulten.com.
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