Flexible automotive connectors supplier Strip Tinning has built up a solid market share in its core European market and there is significant growth potential from the electric vehicles market. The £6.8m raised in the flotation will help to finance electric vehicle-focused product development and capital investment.
Estimated 2021 revenues were £11.1m, which is higher than the previous peak in 2019. The outcome could have been better without component shortages hampering vehicle production. New contract wins will start to build up production rates this year and reach normal annual levels in...
