Stadco, part of publicly listed Acertec, has signed a contract with Nanjing Automobile Corporation (UK) Ltd (NAC) to transfer the production and assembly equipment for the construction of the body of the MGTF sports car from its facility in Coventry to NAC’s plant in Longbridge.
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Stadco will install the equipment and will manage the re-launch of body production in Longbridge – once the manufacturing home of defunct MG Rover – for NAC with full production expected to be achieved in mid-2007.
This contract may lead to further long term cooperation between the two in Longbridge, Stadco said.
Stadco managing director Andrew Morriss said: “It is very satisfying to see automotive production returning to Longbridge and for Stadco to be able to participate in the renaissance of the MG brand.”
John Sword, CEO of Acertec, Stadco’s recently floated parent company, added: “We believe that this transaction is an endorsement of Stadco’s strong position in automotive body manufacturing.
“Whilst the financial benefit for Acertec from this transaction will be modest, there is the potential for growth if there is a good market reception for the re-launched MG.”
