Bulten has announced that it has signed an FSP (Full Service Provider) contract regarding the supply of fasteners to a new European vehicle program for a global automotive manufacturer. The contract value is approximately SEK 100 million annually at full capacity.
Bulten was awarded the contract due to its 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.
Anders Nyström, President and CEO of Bulten, said: “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.”
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.
