Concentric has been awarded an important contract in North America for the supply of precision machined components with an existing global OEM customer that specializes in engines and power generators.
Concentric says this new business was won based on a long-standing relationship with this strategically important customer.
Produced in its 250,000ft2, highly automated EMP manufacturing facility in Escanaba, Michigan, these components will be fitted onto medium-duty trucks.
Deliveries for this contract will commence in April 2024, and the supply contract is expected to yield MSEK 38 in mature annual revenues from 2025 through 2027.
“Since integrating the EMP brand into the Concentric group in October 2021, we have continued to invest in EMP’s technology with a focus on profitable growth in both Escanaba and Greenfield, and this award represents another key step on its proud journey.”, said Martin Kunz, Concentric President & CEO.