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Exco Technologies Limited announced October 16 that its South Africa based subsidiary Automotive Leather Company (ALC) has been awarded a leather seat cover program by a German OEM for a line of premium compact vehicles. The start of production is expected to be approximately January 2016.
Estimated sales, based on current projected automobile production volumes, is expected to be approximately $35 million per annum. This award is significant because it is a major step toward achieving Exco's goal of diversifying its customer base among German OEMs while continuing to focus on servicing its major customer BMW in the luxury premium light vehicle segment.
Exco Technologies Limited is a global supplier of technologies servicing the die-cast, extrusion and automotive industries. Through its 18 strategic locations, they employ 4,740 people and service a diverse and broad customer base.
ALC’s capability extends to the manufacture of seat covers, trim inserts; steering wheel covers as well as gear and handbrake grips and bellows. From design and development to finished production, ALC provides automated CNC sewing, coating of leather used in PIP processes, airbag sewing, micro perforation, in-house CAD capabilities, e-data transfer, video conference facilities and storage, right through to delivery worldwide.