6th Nov 2023 10:24
Strip Tinning Holdings PLC - Birmingham-based company providing electrical connectors for the automotive sector - Announces new production nomination for its Glazing business. Company will supply glazing connectors to "leading" global automotive original equipment manufacturers including Mercedes-Benz Group AG, Volkswagen AG and Toyota Motor Corp. Strip Tinning expects lifetime sales value of around EUR3 million, with EUR525,000 recognised in 2024. It will commence supply in the second quarter and continue for two to five years.
Executive Chair Adam Robson says: "We are delighted to receive this nomination from one of our core Glazing customers, reinforcing Strip Tinning's position as a leading supplier of specialist Glazing connectors to all classes of automotive vehicles. Our expertise and consistent delivery of high-quality products leaves us well-placed to convert the growing new nominations pipeline across our Glazing and EV divisions."
Current stock price: 53.80 pence, up 27% on Monday in London
12-month change: down 26%
By Emma Curzon, Alliance News reporter
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