Anderton Castings is investing $ 25 million to support the electric mobility of startups

It took into account only 50 to 70% of the volumes provided by its customers for the next three years. An important precaution when trading is mainly with startups, the growth of which is certainly uncertain. And yet the rise in power announced by Richard Musi, president of the car supplier for the Loire Anderton Castings, is impressive: turnover of 1.9 million euros in 2021, 4 million in 2022 with 100 employees at the end of the year (88 now), 17 million in 2023 year and 50 million in 2025 (with almost twice the workforce today).

Faced with this expected rapid growth, the same large investment: 26 million euros in total by 2025 to double the building’s production area (5,000 m2), purchase seven new multi-axis machining centers, install two assembly and finishing, and so on. To complement this plan, the company has already received 800,000 euros from the state recovery plan and the same amount from the region. Of those 26 million, 11 will be taken over by Anderton customers (including concrete machines and molds) and the rest by Loire. Since its inception in 2017, the company has invested through its US shareholder “several tens of millions of euros” to establish itself in the market of electric cars.

Differentiate with comprehensive support

Created in 2015 on the ashes of C2FT, led by the Commercial Court by an American investor (of French origin) in search of European production facilities available for fast service of the car manufacturer, Anderton Castings has made a strategic shift by two. years later. While C2FT, which already produced aluminum safety parts, focused on the thermal vehicle, Anderton decided to turn to a promising direction: electric and hybrid vehicles. With the same details (steering boxes, crossbars, ground connections, etc.) and adding new technologies to traditional casting / forging: low pressure, gravity, machining, etc. “It simply came to our notice then. Promising, yes, but a niche “smiling Richard Musi.

Unable to service large series, at this stage of launch Anderton Castings quickly signed a contract with the first American startup, then the second and third … Now industrial small and medium businesses have a contract with six startups that develop innovative electric or hybrid vehicles, enough premium range. The company recently signed a contract with two new companies for all parts of the chain and chassis. Programs are scheduled to begin at the end of the year.

To attract these future nuggets of electric mobility, the small industrialist managed to create an internal design and development office.

“These startups need partners who can supply all the parts for a standard function and are able to develop together with them, and then quickly produce prototypes and more. We would not have won these markets if we had not invested in design and if we had not supported our workforce during the health crisis. ”assures Richard Musi. “Many new entrants are coming to this electric mobility market. We are ready … “.

After publishing more or less significant losses (-4.4 million in 2020, the dark year and the last published figure), the president announces a positive return for 2023. “The key to success lies in the growing strength of our customers. When we reach financial equilibrium, we will be able to demand from large car manufacturers, but always for small or medium series..

It will be recalled that in 2021, 10% of registrations concerned electric cars in France. According to the International Energy Agency, the number of electric vehicles in the world is expected to reach at least 145 million by 2030. In 2020, 3 million electric and hybrid cars with a network connection were registered.