4 June 2024
CT AUTOMOTIVE GROUP
PLC
("CT Automotive" or the
"Company")
Posting of Annual Report and
Notice of Annual General Meeting
CT Automotive, a leading designer,
developer and supplier of interior components to the global
automotive industry, is pleased to announce that the Company's
Annual Report and Accounts for the year ended 31 December 2023 and
the notice of the annual general meeting ("Notice of AGM") and
associated form of proxy were today posted to
shareholders.
The Company's AGM will be held at
9.00 a.m. on Friday 28 June 2024 at 1000 Lakeside North Harbour
Western Road, Portsmouth, PO6 3EN.
The Annual Report and Notice of AGM
and associated form of proxy will shortly be available on the
Company's website, at https://ct-automotive.net/investors/.
For further information please
contact:
|
CT
Automotive
Simon Phillips, Chief Executive
Officer
Anna Brown, Chief Financial
Officer
|
via Novella
|
|
Novella
Communications
Tim Robertson, Claire de Groot,
Safia
Colebrook
Liberum (Nominated Adviser and
Broker)
Richard Lindley
|
Tel: +44 (0)20 3151 7008
ctautomotive@novella-comms.com
Tel: +44 (0)20 3100 2000
|
Notes to
Editors
CT Automotive is engaged in the
design, development and manufacture of bespoke automotive interior
finishes (for example, dashboard panels and fascia finishes) and
kinematic assemblies (for example, air registers, arm rests,
deployable cup holders and storage systems), as well as their
associated tooling, for the world's leading automotive original
equipment suppliers ("OEMs") and global Tier One
manufacturers.
The Group is headquartered in the UK
with a low cost manufacturing footprint. Key production facilities
are located in Shenzhen and Ganzhou, China complemented by
additional manufacturing facilities in Mexico, Türkiye and
Czechia.
CT Automotive's operating model
enables it to pursue a price leadership strategy, supplying high
quality parts to customers at a lower overall landed cost than
competitors. This has helped the Group build a high-quality
portfolio of OEM customers, both directly and via Tier One
suppliers including Forvia and Marelli. End customers include
volume manufacturers, such as Nissan, Ford, GM and Volkswagen Audi
Group, and premium luxury car brands such as Bentley and
Lamborghini. In addition, the Group supplies all our customer
base with a range of products for PHEV and BEV platforms and
supplies electric car manufacturers, including Rivian and a US
based major EV OEM.
The Group currently supplies
component part types to over 57 different models for 22 OEMs. Since
its formation, the Group has been one of the very few new entrants
to the market, which is characterised by high barriers to
entry.
