Sigmatex approved for SMMT automotive funding
Sigmatex, which makes carbon fiber textiles, has received funding from the Society of Motor Manufacturers and Traders (SMMT) to grow its business.
The funding comes from the UK’s National Manufacturing Competitiveness Levels (NMCL) Automotive Programme (SMMT) which aims to help companies improve competitiveness, raise workforce capacity and capability, increase productivity, and grow UK exports.
‘This program is designed to help businesses like ours to increase capability and competitiveness relative to the changing needs of the automotive sector,’ said Paul McMullan, CEO at Sigmatex Group, said. ‘As OEMs increasingly turn to carbon fiber reinforced plastics (CFRP) as a means to reduce vehicle mass and improve EV [electric vehicle] range, it’s critical to the UK sector that we have a supply chain ready to deliver on the demanding requirements of high volume applications.’
This story uses material from Sigmatex, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.