Our growth is leading to a number of global opportunities and to maximise this we are in the processing of establishing a network of strategic partners across the world.
Solvay has recently reinforced their position in the accelerating automotive industry by acquiring an equity position in Penso.
A joint agreement has been signed to develop fast-curing, optimised composite materials, product forms and rapid, cost-efficient composite processing technologies.
Daniel Hurcombe, Managing Director of Penso Group, is very excited to have signed the agreement: “We will be able to offer customers our joint engineering, materials and application expertise and work with them to develop integrated solutions to meet their needs.
“This agreement confirms our capability to support high volume serial automotive composite part production programs.”
Penso Group also has an agreement with Pricol Technologies, based in India, to open an offshore development centre to produce vehicle platforms and undertake niche vehicle builds for customers in the sub-continent.
Our engineers have been working with their counterparts in Pune to set up the facility and teams are now in place to start work on existing and new projects.
It gives Penso an immediate footprint in the sub-continent and an excellent logistical base to attack opportunities in China.
Michael Collins, Marketing & Sales Director of Penso, commented:
“This partnership will provide both sets of clients with a competitive advantage by reducing product development costs and minimising the time to market.
“Their unique delivery model of providing high efficiency offshore engineering will also aid Penso in securing a whole new international customer base at a time when its composite technology are in demand.”
The Indian partnership is the first of a number of possible ventures that could increase our international coverage between now and 2020.
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