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Automotive industry gains insight to masterplan development at NAACAM ShowAPRIL 6, 2017The inaugural National Association of Automotive Component and Allied Manufacturers (NAACAM) Show reflected a significant intent and strategy shift within South Africa's automotive sector. This responsibility falls as much with Tier 1 component manufacturers as it does with OEMs.'' NAACAM South Africa President, Dave Coffey, said the stated acceptance by industry role-players of the need to increase local content in manufactured vehicles from its current level of 38.5% to 60% was significant. "Members of the South African automotive sector value chain, are clear that the key long term outcomes of sector growth, increased localisation and transformation are inextricably linked. "All South African automotive role-players understand that transformation and the inclusion of black-owned suppliers in the value chain, is not negotiable.
referring to The global market for thermoplastic elastomers (TPEs), is set to grow strongly over the next five years to 2022, with the automotive industry driving demand. The report identifies the importance of the automotive industry in driving this growth, with growth of 5.9 per cent between 2012 – 2017 and consumption reaching 1.84 million tonnes. If a given market is suffering, due to outside competition, this will have a knock-on effect on TPE consumption." It suggests by 2022, TPS will still be the most important thermoplastic elastomer, but Smithers' research suggests this may not last for very long. Patrick Ellis, report author, said: "The success of thermoplastics depends on their acceptance and growth within several different industries.
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read more visit us industry
Automotive industry gains insight to masterplan development at NAACAM ShowAPRIL 6, 2017The inaugural National Association of Automotive Component and Allied Manufacturers (NAACAM) Show reflected a significant intent and strategy shift within South Africa's automotive sector. This responsibility falls as much with Tier 1 component manufacturers as it does with OEMs.'' NAACAM South Africa President, Dave Coffey, said the stated acceptance by industry role-players of the need to increase local content in manufactured vehicles from its current level of 38.5% to 60% was significant. "Members of the South African automotive sector value chain, are clear that the key long term outcomes of sector growth, increased localisation and transformation are inextricably linked. "All South African automotive role-players understand that transformation and the inclusion of black-owned suppliers in the value chain, is not negotiable.
referring to The global market for thermoplastic elastomers (TPEs), is set to grow strongly over the next five years to 2022, with the automotive industry driving demand. The report identifies the importance of the automotive industry in driving this growth, with growth of 5.9 per cent between 2012 – 2017 and consumption reaching 1.84 million tonnes. If a given market is suffering, due to outside competition, this will have a knock-on effect on TPE consumption." It suggests by 2022, TPS will still be the most important thermoplastic elastomer, but Smithers' research suggests this may not last for very long. Patrick Ellis, report author, said: "The success of thermoplastics depends on their acceptance and growth within several different industries.
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Automotive industry backs black industrialists
The automotive industry should support transformation and help achieve 60% localisation, thereby helping to create 50 000 jobs, the minister said. Durban - Trade and Industry Minister Rob Davies on Wednesday said transformation should be supported by the automotive industry to ensure that black industrialists are given space to operate and play a role in growing the South African economy. If we achieve 60 percent in localisation, we will be able to add50 000 jobs or around that. One of the issues discussed by the conference was how to find ways to raise local content in manufacturing in the automotive sector. Photo: Nqobile Mbonambi"We have set a target of getting 100 black industrialists over a period of three years.read more visit us industry
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