Rockman Industries, the auto components arm of Hero Group, has opened its UK office, the first outside India for its composites subsidiary, Moldex.
The office is located in Silverstone, home of Formula One in the UK, and focus on expanding the carbon composites business by increasing market penetration, especially in the USA and the European markets. In early 2017, Rockman Industries acquired Moldex Composites, a British-Indian carbon-composites design and manufacturing company as a part of group’s diversification strategy.
‘We expect carbon composites to account for about 10% of Rockmans’ revenue in the next five years,’ said Suman Kant Munjal, chairman and MD of Rockman Industries. ‘Besides motorsports and aerospace, there is a global shift towards carbon fibre in the automobiles sector. At Rockman Industries we want to be at the forefront of this technology as it further penetrates different sectors including automotives. The opening of the UK office is a step in that direction as it gives us access to the centre of motorsports in Europe.’
In the aerospace and motorsports markets about 30 years ago, the penetration of aluminium started to increase as a lighter option to iron and steel. The next wave has been towards carbon composites and it is now widely used by motorsports manufacturers globally, the company says.
This story is reprinted from material from Rockman, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
