Source - Alliance News

Strip Tinning Holdings PLC - Birmingham-based company providing electrical connectors for the automotive sector - Announces new production nomination for its Glazing business. Company will supply glazing connectors to ‘leading’ global automotive original equipment manufacturers including Mercedes-Benz Group AG, Volkswagen AG and Toyota Motor Corp. Strip Tinning expects lifetime sales value of around €3 million, with €525,000 recognised in 2024. It will commence supply in the second quarter and continue for two to five years.

Executive Chair Adam Robson says: ‘We are delighted to receive this nomination from one of our core Glazing customers, reinforcing Strip Tinning’s position as a leading supplier of specialist Glazing connectors to all classes of automotive vehicles. Our expertise and consistent delivery of high-quality products leaves us well-placed to convert the growing new nominations pipeline across our Glazing and EV divisions.’

Current stock price: 53.80 pence, up 27% on Monday in London

12-month change: down 26%

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