Formex attending the NAACAM Show

Formex Industries will be participating in the 2019 National Association of Automotive Component and Allied Manufacturers (NAACAM) Show. The event will take place at the Durban International Convention Centre from 12 to 14 March this year.

The NAACAM Show is the foremost automotive expo in Africa. Exhibitions and discussions will revolve around automotive manufacturing, technology, transformation and stakeholder engagement. In particular, this year’s show will aim to identify opportunities for black-owned original equipment manufacturers (OEMs).

Formex CEO Hennie Venter (centre-left) talks to the managing director of Volkswagen Group South Africa, Thomas Schaefer (centre-right).

Purpose of the 2019 NAACAM Show

The show will establish deeper supply connections between black-owned OEMs and the automotive value chain. This will help to improve the tiered system currently in place in the automotive industry and contribute to more meaningful transformation in the sector.

This year’s show will facilitate localisation initiatives to support and develop the South African automotive industry. It will also establish intra-African trade and investment partnerships between companies working in the continental industry. The organisers hope to enable foreign direct investment and technology partnerships with overseas businesses.

Other topics that will be highlighted at the 2019 NAACAM Show include; components with high logistics costs, localisation of component manufacturing, assembly operations, aftermarket products and accessories, increasing production runs and reworking components for various other markets.

“A unified effort is required from all Sub-Saharan automotive stakeholders, including governments, to respond to the challenges and realise the opportunities facing local manufacturers,” says the president of NAACAM, David Coffey.

“We were very pleased at the positive reports from participants in the inaugural NAACAM Show 2017 and we have significant ambitions to deliver even more value at the NAACAM Show 2019,” he adds.

Formex Industries stand at the 2019 NAACAM Show.

More information about the NAACAM Show

The show will feature stands and exhibitions from over 200 businesses, including local OEMs, stakeholders and support organisations. Formex will be showcasing their manufacturing competencies and two key product offerings for the automotive industry; metal pressing and tubing.

On the metal pressing side, Formex specialises in producing catalytic converters for vehicles and assembling structural parts such as door frames, seat belt anchors and oil sumps. Formex’s tubing division produces exhaust pipes for cars, including the manufacture and manipulation of the pipes.

The 2019 show is supported by the Department of Trade and Industry, the Automotive Supply Chain Competitiveness Initiative (ASCCI), as well as the National Association of Automobile Manufacturers of South Africa (NAAMSA). Find Formex Industries at the show and speak to us about our product offerings.

Formex Industries is a metal forming and assembly company that supplies a variety of complex products to the local automotive industry and export market. The company is based in the Nelson Mandela Bay metropole, South Africa’s foremost region for automotive manufacturing and export.

Formex specialises in producing components for the catalytic converter industry, as well as metal components and assemblies for the various vehicles. Formex aims to become one of the foremost suppliers for the South African automotive industry by 2035, aligning itself with the South African Automotive Masterplan (SAAM) which takes effect in 2020.

Formex is a Level 2 B-BBEE supplier with over 80% black ownership, of which more than 40% are black women. The company is owned by Deneb Investments Limited – a subsidiary of Hosken Consolidated Investments Limited (HCI) – one of South Africa’s biggest true B-BBEE companies listed on the Johannesburg Stock Exchange (JSE).

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