ALC wins leather seat contract - leatherbiz: Leading news site for the Leatherbiz

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ALC wins leather seat contract

20/10/2014
Canadian automotive supplier Exco Technologies has been awarded a leather seat cover programme by a German OEM for a line of premium compact vehicles, due to start in January 2016 and worth around $35 million per year.

“This award is significant because it is a major step toward achieving Exco's goal of diversifying its customer base among German OEMs while continuing to focus on servicing its major customer BMW in the luxury premium light vehicle segment,” it said.

Exco Technologies supplies leather interior seat covers through South Africa-based Automotive Leather Company (ALC), which it bought in March 2014.

ALC had sales of around $100 million in 2013, and is expected to grow over the next several years to approximately $140 million as a new seat cover program for the family of Mini models launch over the year months.

In addition to ALC's traditional production site in the Rosslyn Automotive Supply Park in South Africa, it established a production site near Sofia, Bulgaria, in 2011 and is currently establishing another production site in the Kingdom of Lesotho. Taken together these production sites employ approximately 2,000 employees. ALC also has a customer service and technical centre in Germany, enabling it to better service its German OEM customer base.

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