Anderton Castings will invest 25 million to support electric mobility start-ups

It only accounts for 50 to 70% of the volumes expected by its customers for the next three years. An important measure of caution when trading mainly with start-ups is that the upside is certainly uncertain. However, the power increase announced by Richard Musy, president of Loire automotive supplier Anderton Castings, is impressive: 1.9 million euros in turnover in 2021, 4 million in 2022 with 100 employees by the end of the year (88 at present), 17 million in 2023 and 50 million in 2025 (which nearly doubles the workforce compared to today).

Faced with this expected rapid growth, equally large investments: 26 million euros in total in 2025 to double the production area of ​​the building (5,000m²), acquire seven new multi-axis machining centers, install two assemblies and finishing etc. To supplement this plan, the company has already raised 800,000 euros from the State recovery plan and more from the Region. Of these 26 million, 11 will be answered by Anderton’s customers (specifically machines and molds), the rest will be with the Loire company. Since its creation in 2017, it has been invested, by its American shareholder “several tens of millions of euros” to establish itself in the electric vehicle market.

Differentiate by comprehensive support

Made in 2015, in the ashes of C2FT, taken at the helm of the Commercial Court by an American investor (French of origin) in search of production capacities in Europe that would be quickly available to cater to a car manufacturer, Anderton Castings has made a strategic shift two years later. While C2FT, which already makes aluminum safety parts, stopped thermal vehicles, Anderton decided to turn to a promising track: electric and hybrid vehicles. In both components (steering boxes, cross members, ground connection, etc.) and the addition of new techniques to traditional cast/forged: low pressure, gravity, machining, etc. “Noon, niche pa. Promising, yes, but a niche ”Richard Musy smiled.

Unable to deliver large series, at this launch stage, Anderton Castings quickly signed a first American start-up, then second and third … Today, the industrial SME has contracts with six start-ups . ups that develop innovative electric or hybrid vehicles, rather than premium range. Recently, it signed two new start-ups for all links and chassis components. Programs should begin at the end of the year.

To attract future nuggets of electric mobility, the small industrialist managed to set up an interior design and development office.

“These start-ups require partners who have the ability to supply all the components for a common function and be able to co-develop them and then quickly produce prototypes, etc. No. we will win these markets if we don’t invest in design and if we don’t retain our workers during the health crisis ”assurance of Richard Musy. “Many new entrants are coming to this electric mobility market. We are ready … “.

After posting more or less significant losses (-4.4 million in 2020, a dark year and the last figure published), the president announced positive profitability for 2023. “The key to success lies in the growing power of our customers. Once we reach financial balance, we will be able to seek out major car manufacturers, but always for small or medium series”.

Note that in 2021, 10% of registrations will be related to electric vehicles in France. According to the International Energy Agency, the number of electric vehicles is expected to reach at least 145 million worldwide by 2030. 3 million electric and plug-in hybrid vehicles will be registered by 2020.