Bulten signs FSP contract for a new European electric vehicle program

2022-03-23Press release

Bulten has signed an FSP (Full Service Provider) contract regarding the supply of fasteners for a new European electric vehicle program with a global automotive manufacturer, which is also an existing customer of the company. The contract value is approximately SEK 75 million annually at full capacity.

“We are pleased to gain renewed confidence from an existing customer. It is through our knowledge and experience as a fastener manufacturer and FSP provider, together with a strong sustainability offer, that makes this possible,” says Markus Baum, Chief Commercial Officer of Bulten.   

Bulten will deliver best in class levels of innovative sustainable solutions, and work with this customer to achieve as low carbon footprint as possible for the products that will be delivered to this program.

Deliveries to the program are expected to begin in the fourth quarter of 2023, and to reach full capacity in the second quarter of 2024. The new vehicle program has an expected lifecycle of seven years.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          

For additional information, please contact:
Ulrika Hultgren, SVP Corporate Communications and IR
Phone: +46 727 47 17 58
E-mail: ulrika.hultgren@bulten.com                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  

Bulten Group is a leading global manufacturer and supplier of fasteners to the automotive industry, as well as other customer groups such as consumer electronics. The offering extends from a wide range of standard products to specially adapted fasteners. With Bulten’s Full Service Provider concept, customers can entrust all their fastener needs to the company, including development, sourcing, logistics and service. Bulten was founded in 1873, has approximately 1,700 employees in 16 countries and is headquartered in Gothenburg, Sweden. Net sales in 2021 totaled SEK 3,730 million. Since 2020, PSM International has been a part of Bulten. The share (BULTEN) is listed on Nasdaq Stockholm. Read more at ww.bulten.com.