Formex Industries chief executive officer (CEO) Hennie Venter spoke to Leadership Online about the recent work done by the automotive parts manufacturer. Venter explained how production capacity at Formex has been strategically increased in order to meet the growing demands for vehicle parts and components in the local and international automotive sectors.

“In our opinion, the South African automotive industry is a true success story. It is supported by our government and some of the major [original equipment manufacturers] OEMs worldwide. Our task as local suppliers is to balance the OEMs’ demands with respect to quality, cost, and delivery,” says Venter. 

The article published goes into detail about Formex Industries’ increased manufacturing capacity and recent investments. It also touches on job creation at our Port Elizabeth-based facility. “Currently, our country’s biggest challenge is job creation and we believe we have aligned ourselves 100% to satisfy these integrated customers and socio-economic requirements,” Venter tells Leadership Online.

Read the full article below:

leadership online article

Formex Industries is a metal forming and assembly company that supplies a variety of complex products to the local automotive industry and the export market. The company is based in the Nelson Mandela Bay metropole, South Africa’s foremost region for automotive manufacturing and export.

Formex specialises in producing components for the catalytic converter industry, as well as metal components and assemblies for the various vehicles. Formex aims to become one of the foremost suppliers for the South African automotive industry by 2035, aligning itself with the South African Automotive Masterplan (SAAM) which takes effect in 2020.

Formex is a Level 2 B-BBEE supplier with over 80% black ownership, of which more than 40% are black women. The company is owned by Deneb Investments Limited – a subsidiary of Hosken Consolidated Investments Limited (HCI) – one of South Africa’s biggest true B-BBEE companies listed on the Johannesburg Stock Exchange (JSE).

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