CARBON REVOLUTION SIGNS MEMORANDUM OF UNDERSTANDING WITH MITSUI TO ASSIST INTERNATIONAL EXPANSION
09 September 2019
Pioneering maker of carbon fibre automotive wheels, Carbon Revolution expects to accelerate its international expansion after signing a memorandum of understanding (MoU) with Mitsui & Co., Ltd. (Mitsui), one of the most diversified trading, investment and service enterprises in the world.
The MoU, reflects Carbon Revolution and Mitsui’s joint activities to develop a strategic partnership. The key elements of the strategic partnership, are expected to include opportunities for support with the sourcing of raw material inputs, the recycling of carbon fibre, logistics services, coordination of activities with Asian OEM customers including the major Japanese car makers, trade and equipment finance, and industrial automation expertise.
The MoU contemplates Mitsui and Carbon Revolution exploring opportunities for Mitsui to utilize its global network of businesses and partnerships, including its customer relationships in Japan and across the world to help accelerate Carbon Revolution’s growth.
Mitsui sees a strategic partnership with Carbon Revolution as an opportunity to collaborate with a clear global leader in the design and manufacture of the next generation of complex and lightweight structural components for multiple applications and industries including automotive, industrial and aerospace.
Carbon Revolution CEO Jake Dingle said: “The opportunities that we expect to derive from our relationship with Mitsui will enhance our ability to apply Carbon Revolution’s unique capabilities in designing and manufacturing complex carbon fibre composite structures within the automotive wheel industry and ultimately in other industries and applications.
“Mitsui has already been instrumental in accelerating Carbon Revolution’s customer relationships and activities with Japanese car makers,” Mr Dingle said.
ABOUT CARBON REVOLUTION
Carbon Revolution is an Australian company, which has successfully innovated, commercialised and industrialised the supply of Carbon Fibre wheels to the global automotive industry. The founders of the company have progressed from single prototypes to designing and manufacturing the highest performing wheels for some of the fastest cars and most prestigious brands in the world. Carbon Revolution continues to innovate and supply its lightweight wheel technology to automotive manufacturers around the world.
Performance is everything. Efficiency is everything else.
For more information, visit carbonrev.com
Jake Dingle, Carbon Revolution +613 5244 5987
John Fergusson, Daymark, +613 407 826 952