Trifast says it is poised to profit from car makers’ forays into robotic vehicles, the Northern Echo reports.
Trifast says automotive work accounts for more than 30% of the business’ global revenue, with the UK industrial fastener market worth around £1.2 billion US$1.5 billion.
“Automotive is the fastest-growing sector and the most demanding,” stated executive chairman Malcolm Diamond. “Model changes and electric vehicles and the new battery factories to support these are all fastener rich opportunities.”
The development of autonomous vehicles by Google is a good example, Diamond noted.(…)
via Trifast Eyes Electric Car Market for Growth – Global Fastener News – USA.