Written on 06.08.2013 - Industry
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IAC and Feltex Automotive establish JV in South Africa

International Automotive Components (IAC) has formed a joint venture with Feltex Automotive, a South Africa-based supplier of automotive flooring, acoustics, and trim components. The joint venture, IAC-Feltex Pty Limited, marks IAC’s initial entry into the growing South African automotive region. The JV will be located in the East London IDZ Automotive Supplier Park.

IAC will provide design, engineering, and manufacturing expertise for vehicle interior components. In addition to product and process expertise, Feltex brings experience from successfully operating in South Africa since 1937.

According to IHS industry projections, the South African automotive market is expected to steadily increase annual passenger car production to more than 600,000 units by 2018.

East London IDZ Automotive Supplier Park

The joint venture will initially support current production requirements for Ford, Mercedes-Benz, Toyota and Volkswagen South Africa operations and is positioned to support additional business opportunities. Also, this facility will support global vehicle programmes, such as the Mercedes C-Class, for which IAC will supply the interior garnish trim, flooring system, trunk trim, and exterior wheel arch liners.

IAC’s expansion into new and emerging markets has remained consistent since the company was established in 2006. Over the past 24 months, IAC has entered Malaysia and Thailand through joint venture agreements, opened a greenfield manufacturing facility in Romania, a sales and engineering office in Korea, and opened its eleventh plant in China.