£7m BMW contract will push Cab Automotive towards £40m sales

autoseatCar interiors specialist Cab Automotive, says the re-emergence of the UK car industry as a global leader is helping it towards the fastest growth in its nine year history.

Cab Automotive has secured £7m of new contracts to supply parts for the new BMW Mini and the seat foams for the Renault van which it believes will help it push turnover towards the £40m level and increase the workforce by 30%.

It marks an exciting twelve months for the company which has seen it work with the Manufacturing Advisory Service (MAS) to develop new opportunities and, importantly, buy its 200,000 sq ft factory in Tipton.

Finance director Richard McCulloch acknowledged the help of the Manufacturing Advisory Service (MAS) in facilitating Cab Automotive’s growth.

“Managing this growth was one thing, but at the same time we were told by our landlord that there was a chance our facility could be sold. The only solution was to buy the land, as that would give us the platform and security to plan for the next decade,” he explained.

“Working with MAS’ Rachel Eade we developed an application to the Regional Growth Fund that saw us successfully secure £1m towards the £4.5m total cost of the purchase.

Cab Automotive said it had spent more than £4m on capital equipment, a state-of-the-art foam production line, new machines for wrapping BMW Mini arm rests and a new water jet cutter.

The company’s other customers include Bentley, Jaguar Land Rover, Aston Martin, Nissan, Toyota and McLaren Automotive.

Copyright Ken Hurst 2014

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About Ken Hurst

Ken Hurst began his career as a journalist in London over 30 years ago, working on a range of publications before moving on to weekly newspaper production in the newly-independent Zambia of the 1970s. He returned to the UK where his work included spells on newspapers and magazines, before moving to head up Norwich Union’s corporate affairs division. In the 1990s he moved on to freelance, co-own and publish the B2B audio magazine Sound and front the BBC radio Yesterday’s Papers programme. There followed six years as Business Editor at Britain’s biggest selling regional daily newspaper, The Eastern Daily Press, where he led an award-winning team and for whom he still writes a weekly socio/political comment column. Subsequently, he was Group Editorial Director at CBM, responsible for its UK and US magazine output – including The Manufacturer magazine – research-driven industry reports and live events content. Currently he is Contributing Editor at Works Management magazine publisher Findlay Media and Chairman of the consumer publishing house TNT Multimedia Ltd. He is a Fellow of the Royal Society of Arts and of the British Association of Communicators in Business.
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