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Moldex Composites picks up stake in MCT Engineering Ltd

Moldex Composites picks up stake in MCT Engineering Ltd, UK’s specialist carbon composites manufacturer

Moldex Composites, the advanced composites division of Rockman Industries, today announced the acquisition of a strategic stake in MCT Engineering Ltd, the UK-based advanced composites manufacturer. MCT produces high-quality and innovative components for automotive, motorsport and defence industries, using the latest technological advances within the composites industry. MCT’s clients include marquee motorsports and high end, luxury car makers viz. Jaguar Land Rover and other British and European brands. This partnership complements MCT’s existing capabilities by giving it access to Moldex’s expertise in cost-effective advanced composites manufacturing as well as in-house design and production of patterns and moulds. Moldex Composites is an India based facility with British Technical Lead into design and manufacturing of advanced composites, in which India’s Rockman Industries acquired a majority stake in 2017.

Moldex Composites is a supplier of composite components from India with 99% of output exported across the world to premier racing series in North America and other marquee automotive and motorsports customers in UK and Europe. Moldex is backed by advanced composites design and manufacturing experience of more than 4 decades of its two British founders – Dr Rob Neumann, Ian Thomson and Indian partner Mr Parag Rajda. It can take full ownership of customers composites requirements and be a one-stop-solution – one off’s, prototypes to volume runs – covering detailed design, material choice, laminate design, in-house patterns and mould design, jigs design and manufacturing – all at a competitive cost. 

MCT’s has been supplying advanced composites to UK and Europe’s leading luxury and sports car makers for over 20 years. The company’s facility, situated close to Silverstone Racing Circuit in UK, focuses primarily on cosmetic components and short production runs with quick turnaround times. MCT has technical partnerships with customers and end users, design and innovation houses and material suppliers across Europe, in the UK and globally.

MCT and Moldex’s collaboration has already started supporting and supplying to a number of JLR programmes in the UK, together with other regular volume projects from India. The two companies together have vision to be “A global market player” and “The number one choice” for high performance composite solutions. The Moldex-MCT partnership is able to offer end to end solutions to their customers from detailed design, mould and patterns manufacturing to bespoke products, prototypes and short runs as well as volume production.

“Moldex Composites is proud to announce the partnership with MCT Engineering. Through this acquisition, we are bringing together the market reach of MCT and the cost effective and comprehensive manufacturing expertise of Moldex Composites. The partnership gives our global customers a flexibility to outsource for quick turnaround and long production runs from a single source. Utilising our UK and Indian technical staffs’ vast experience, we will now have the capabilities to handle turnkey packages including design, FEA, manufacture and testing of crash structures, bodywork, wings, suspension, engine ancillaries, seating and frame assemblies etc.,” says Ian Thomson, Co-founder, Moldex Composites.

“Our close partnerships with the motorsports and the automotive industries allowed us to refine and fine-tune our manufacturing process, using the latest technologies. Our partnership with Moldex Composites will bring new opportunities for creating efficiencies, market expansion, and reaching wider customer segment. Although the F1 and motorsports manufacturing will remain with MCT in the UK, the technical and engineering knowledge that Moldex has, will be of additional support when required,” says Mr. David Joseph, MD, MCT Engineering.

About Moldex Composites
Moldex Composites is an AS9100 revD certified British-Indian enterprise aimed at providing world-class and cost-effective advanced composites from its purpose-built facility in Surat, Gujarat, India. With a UK office based at The Silverstone Innovation Centre. The company’s strength is being able to provide turn-key solutions – from concept to finished part. Moldex received awards for outstanding Innovation in the field of composites, instituted by the FRP Institute of India, jointly with JEC Publications, France, during the International Conference and Exhibition of Reinforced Plastics in 2013, 2015 and 2017.

About MCT Engineering
MCT Engineering is a specialist composite manufacturer working primarily within the automotive, motorsport and defence industries, producing high quality and innovative components. MCT, for over 20 years, has established its reputation by building good relations with customers, based on providing dependable reliable service and delivering high quality components. MCT factory & offices are less than 20 miles from Silverstone circuit, with close links to a number of F1 teams, not to mention prestigious automotive sites, to which they are a tier 1 supplier. MCT, an ISO90001 / 2015 compliant company, supplies to all of the major UK automotive customers and some marquee European customers either direct to track or as a Tier 1/ Tier 2. MCT has supplied the pinnacle of global motorsport for many years together with some prestigious defence projects. 

About Rockman Industries
Rockman Industries, a part of the Hero group of India, was incorporated in the year 1960. Today, the company is amongst the leading auto components companies in India with more than 5 plants spread across India. Rockman supplies Aluminium die casting components and automotive chains to some of the leading automobile OEMs in India and overseas. It is also an industry leader in two-wheeler alloy wheels in India with installed capacity of 5.9 million wheels annually. Rockman forayed into Advanced composites in 2017 by majority stake acquisition of Moldex Composites.