FinnvedenBulten Awarded Major FSP Contract with an Annual Value of Approximately EUR 35 Million

FinnvedenBulten, and its division Bulten, has been awarded an FSP (Full Service Provider) contract for supply of fasteners to a major automotive manufacturer. The annual order value is of approximately EUR 35 million, of which EUR 30 million is additional business, and provides a strong relationship for the years ahead.

“With this contract, Bulten significantly strengthens its relationship with a global customer. We are delighted and honoured to be awarded the contract and look forward to begin the collaboration,” says Tommy Andersson, CEO of Bulten.

The technical competences within the Bulten division, along with many years of experience of successfully supplying complex and critical fasteners to the automotive industry, were the main contributors in winning this prestigious contract.The new deliveries will continue over a number of years, starting early 2014 and with estimated full delivery capacity in 2015.

“We continue to strengthen Bulten’s position and we have a good potential to further grow our business and gain market shares in the years to come,” says Johan Westman, President and CEO of FinnvedenBulten.