Search Results for: full service provider

• Bulten signs FSP contract with clear sustainable objectives

  Posted in Fasteners manufacturers, Industry 4.0, Sustainability on Jan 21, 2022

  Bulten has signed an FSP (Full Service Provider) contract regarding the supply of fasteners to a new European vehicle program for a global automotive manufacturer, which also is an existing customer of the company. The contract value is approximately SEK 100 million annually at full capacity.

  One decisive reason why Bulten was awarded the contract is the company’s distinct sustainability offer. Besides deliveries of fasteners, the contract also entails a close collaboration between the parties to reduce environmental impact in the value chain. This means Bulten will commit to a number of environmental targets during the contract period, with the aim of supporting the automotive manufacturer’s overall sustainability objectives. The targets will be set jointly by both parties and monitored on a regular basis.

  “Of course we are delighted to once again be appointed FSP supplier to an existing customer. It shows that our performance is valued. However, I am particularly proud that we are awarded business based on sustainability, and that we now have a tangible collaboration with a customer to reduce environmental impact. It is a true milestone, and we know that sustainability will be increasingly important to our customers when they choose suppliers,” says Anders Nyström, President and CEO of Bulten.

  Deliveries are expected to begin in the third quarter of 2023, and to reach full capacity in 2025. The new European vehicle program has an expected lifecycle of ten years.

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  For further information, please contact:

  Ulrika Hultgren, SVP Corporate Communications & IR, +46 727-47 17 58, ulrika.hultgren@bulten.com

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  Author: Ulrika Hultgren

• Bulten starts construction of its new manufacturing facility in Poland

  Posted in Acquisitions, Fastener distribution, Industry 4.0, Manufacturing technology on Jun 25, 2021

  As previously announced, Bulten will invest in a new manufacturing facility in Radziechowy-Wieprz in Poland. Due to the pandemic situation in April 2020, this investment was halted. Bulten’s Board of directors has now made the decision to restart the project with immediate effect. The construction of the new factory begins with a groundbreaking ceremony in May 2021 and production is expected to start in the first half of 2023. The main operation in the new plant will be surface treatment.

  “I am very pleased that we finally can start the construction of our new facility in Poland. With this new plant the company will have a state-of-the-art surface treatment processes, both in terms of efficiency, quality and sustainability”, says Anders Nyström, President and CEO of Bulten.

  The new manufacturing facility is located in Radziechowy-Wieprz, close to Bulten’s existing facilities in Bielsko-Biala and Wilkowice. The total investment, including land, building and production equipment, amounts to approximately EUR 31 million, of which about EUR 3.5 million is for the already purchased land. The investment is within the existing credit agreement.

  For further information, please contact:

  Anders Nyström, President and CEO, Bulten tel: 031-734 59 00, e-post: corporatecommunications@bulten.com

  Bulten Group is one of the leading suppliers of fasteners to the international automotive industry. The company’s product range includes everything from customer-specific standard products to customized special fasteners. The company also provides technical development, line-feeding, logistics, material and production expertise. Bulten offers a Full Service Provider concept or parts thereof. The company was founded in 1873, has some 1,600 employees in sixteen countries and head office in Gothenburg. The share (BULTEN) is listed on Nasdaq Stockholm. Read more at www.bulten.com.

  Author: AHG Bulten AB)

• Bulten announces delivery start and start-up costs for newly won FSP contract

  Posted in Fastener distribution, Fastener suppliers on Jul 10, 2020

  On 2 July 2020, Bulten announced that the company had signed a FSP (Full Service Provider) contract for supply of fasteners to a European automotive manufacturer at an annual value of approximately EUR 60 million at full pace.