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Formex Vision with Action plan
“If everyone is moving forward together, then success takes care of itself.” ~ Henry Ford. Formex has been a leading manufacturer in the automotive components industry for decades. Our staff are highly trained and skilled in their respective fields, which contributes...
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New cars with the lowest cost of ownership
The Automobile Association (AA) has released the latest pricing guide for spare parts. This is the first time this guide has been fully researched and produced by the AA and it provides valuable information about the cost of ownership for a wide range of cars. As a...
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Naacam launches MBA manufacturing scholarship
The National Association of Automotive Component and Allied Manufacturers (Naacam) is offering a scholarship to an exceptional candidate looking to develop skills and expertise in business administration. This master’s degree focuses on manufacturing and is suitable...
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Four things to know about the new vehicle service regulations
The South African Competition Commission has set out guidelines regarding competition in the car industry, particularly related to aftermarket parts, services and repairs. These guidelines came into effect in July 2021 and aim to improve consumer choice, transparency,...
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Formex helping to restore school in Gqeberha
Formex Industries, in collaboration with some of its local suppliers, is taking part in a school restoration initiative in Gqeberha. Aaron Gqadu Primary School is located in Kwazakhele 2 and is headed up by its recently appointed headmaster, Mr Rodney Mtywaru. Formex...
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Jaguar Land Rover trials blockchain supply chain for car manufacturing
International supply chains are incredibly complex and it’s extremely difficult for buyers and customers to know the quality and authenticity of products. Since raw materials are moved around the globe, undergoing multiple production processes along the way, it’s...
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Formex awarded A-rating in Volkswagen audit
Formex Industries has just been awarded an A-rating in Volkswagen’s latest VDA 6.3 process audit. VDA stands for ‘Verband der Automobilindustrie’ and the audit sets the standard for evaluating and improving controls in a manufacturing facility's new product...
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Using data and analytics to predict South African car sales
Improving the accuracy of sales forecasts is a challenge for businesses around the world. Digital tools, such as data and analytics, have revolutionised the way that predictions are made and are being used across a wide range of industries. The automotive industry is...
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Automotive industry among most affected by supply chain disruptions
The global economy has been hard hit in the last couple of years, with the automotive industry appearing to be one of the most affected by supply chain disruptions caused by the onset of Covid-19. In a recent survey conducted by The Economist Intelligence Unit, it was...
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Regulations on self-driving cars to be introduced in South Africa
South Africa needs to prepare for the advancements in artificial intelligence (AI) and automated driving, with the onset of the fourth industrial revolution. With that comes the need for policy changes to cater to the digitisation of the automotive sector and...
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VW likely to continue manufacturing engines in Africa until 2050
Volkswagen (VW) has delayed its rollout of electric vehicles (EVs) in South Africa due to the global pandemic. While its flagship ID.3 is available in other countries, VW South Africa will hold off on the launch for now. In fact, VWSA is likely to diverge from the...
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How to improve confidence across the automotive supply chain
The automotive supply chain is a complicated and intertwined web of businesses that need to deliver products and components on time if the entire system is to work like a well-oiled machine. If any recent event has highlighted the havoc that disruptions can play, it’s...
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