“If everyone is moving forward together, then success takes care of itself.” ~ Henry Ford.
Formex has been a leading manufacturer in the automotive components industry for decades. Our staff are highly trained and skilled in their respective fields, which contributes to the continued success of the company.
The South African automotive industry employs around 110 000 people and contributes to over 6.8% of the gross domestic product (GDP). Formex plays a key role in this industry, supplying parts and completed assemblies to various global automotive brands.
Vision with Action plan
Partnering with Formex through the Automotive Industry Transformation Fund (AITF) results in a win-win; massive shared benefits for multinational companies operating in South Africa and an equal win for the local production supply chain. This collaborative investment fund empowers all stakeholders to take bold steps on a path towards total socio-economic transformation.
This Vision with Action plan has already resulted in an increase in localised supply and job creation. This future-forward plan is endorsed by the Nelson Mandela Bay Metropolitan Municipality and is built upon a solid foundation of transformation, teamwork and nurturing close relationships with our employees and business partners.
We have adopted a high-integrity employee relations policy that protects and secures our motivated workforce. In addition, our parent company, Deneb Investments, has invested over R135-million in technology and manufacturing expansion. These factors have put us in a key position to respond to emerging export markets.
Formex continues to lead the way in the sector through updated technology, financial backing and world-class skills. Our compounded offerings lead to increased volumes of vehicle production for our customers. Our Vision with Action plan is designed to ensure excellence and outstanding performance.
Watch the video below for more information on the Formex Vision with Action plan:
Contact us for more information on our products.
Formex Industries is a metal forming and assembly company that supplies a variety of complex products to the local automotive industry and the export market. The company is based in the Nelson Mandela Bay metropole, South Africa’s foremost region for automotive manufacturing and export.
Formex is a supplier with 69% black ownership, of which 37% 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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